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DSE price indices rise

timthumbIn spite of a gloomy political state amid nationwide shutdown, the price indices of the Dhaka Stock Exchange (DSE) witnessed rise on 4 November 2013.

DSEX, rising by 2.30 percent, crossed 4000 level in the early session and closed at 4085.21, the highest in last 27 sessions.

DS30 index for blue chips stocks went up by 13.5 points or 0.939 percent to end at 1447.

The turnover at the DSE increased slightly on Monday and amounted to Tk 4.12 billion which was 30.71 percent or Tk 969 million higher than that of the previous session.

Of 284 companies and mutual funds traded, 232 advanced, 40 declined and 12 remained unchanged.

“News of increased net foreign investment exerted a bullish vibe from the very beginning of yesterday’s session (4 November 2013),??? IDLC Investment said in its daily commentary.

As a result, the market witnessed a higher transaction crossing Tk 4 billion mark, after 24 sessions, with increased participation of investors. The banking sector was up by 4.85 percent as the top gainer, among the major sectors, as five banks took positions in the list of top 10 gainers, yesterday, it added.

LankaBangla Securities commented, “Yesterday(4 November 2013) , the market was on fire and gave a bullish indicator with a crossover up of psychological 4000 level.???

Banks gained investors’ confidence taking market capitalization up by 4.7 percent and lending support to the market. On the contrary, tannery sector was in laggard position with 2.2 percent fall in market capitalization, the stock broker said.


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