Stocks back in the black

Dhaka stocks returned to black after five sessions, as prices in two major sectors -- banking and telecommunication -- increased yesterday.
The key indices of Dhaka Stock Exchange rose more than one percent on a turnover of Tk 963.71 crore.
The DSE General Index finished at 5,529.05, advanced by 61.93 points, and the DSE All Share Price Index closed at 4,538.62, up by 49.9 points.
The banking and telecommunication sectors propelled the rise, according to research division of Race Asset Management, a fund manager.
It said the banking sector was up due mainly to three stocks: Uttara, Pubali and AB Bank.
“Of the three top performers, Uttara and AB are expected to make dividend declarations soon and an anticipation centring that led to the hike in the prices of those shares,” it said.
On the DSE, each Uttara Bank share gained 6.49 percent to Tk 1497.25, while each Pubali Bank share rose 3.11 percent to Tk 421.50. AB Bank shares advanced 2.35 percent to Tk 1042.75.
Share prices of six another banks also increased more than three percent.
In the telecommunication sector, Grameenphone increased 1.77 percent to Tk 333.
Advancers beat losers 175 to 63 with seven securities remaining unchanged on the premier bourse.
Beximco Limited topped the turnover leaders with 19,93,700 shares worth Tk 80.52 crore being traded on the DSE.
Chittagong stocks also posted a rise yesterday. The CSE Selective Categories Index gained 144.82 points, or 1.4 percent to 10,487.97. The CSE All Share Price Index increased 210.84 points, or 1.33 percent to 16,036.29.
A total of 47,50,561 shares worth Tk 88.84 crore changed hands on the Chittagong Stock Exchange. Of the traded issues, 124 advanced, 45 declined and four remained unchanged.
Beximco Limited topped the turnover leaders with 2,24,969 shares worth Tk 9.09 crore being traded on the port city bourse.