The benchmark index, DSE General Index, of the Dhaka Stock Exchange (DSE) hit another all time high yesterday led by continued interest in the banking, power and mutual fund sectors.
The general index crossed 2700 points for the first time, hitting 2735.94 points, up 63.77 points, or 2.38 percent, on its close on Thursday.
The DSE authorities introduced the general index on November 27, 2001 with a base of 817.62 points. The index, which excludes companies of 'Z' category, is calculated on the basis of price movement of individual stocks under 'A', 'B', 'G' and 'N' categories.
Market insiders said individual investors were active rather than institutional investors and that they forced the market up. Usually the market moves when the institutional investors participated in the market actively and the institutional investors are considered as major market player.
Along with the general index, the DSE All Share Price Index also rose by 53.86 points, or 2.42 percent, to close at 2273.61 points.
A total of 21,224,942 shares worth Tk 232.95 crore changed hands on the premier bourse. Of the issues traded, 158 advanced and 37 declined with 11 unchanged.
Meanwhile, price indices on the Chittagong Stock Exchange (CSE) also grew yesterday. The CSE Selective Categories Index increased by 90.01 points, or 2.06 percent, to end at 4454.19 points, while the CSE All Share Price Index rose by 130.23 points, or 1.92 percent, to finish at 6904.83 points.
A total of 2,479,800 shares worth Tk 34.49 crore changed hands on the CSE. Of the issues traded, 91 gained and 20 dropped with seven unchanged.