Apr 23, 2014, 5:57 pm (BST)
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DSE index crosses 5000-mark
DHAKA, Mar 28 (BSS) - The benchmark index of Dhaka Stock Exchange (DSE) crossed the 5000-mark today, which was 10 weeks high after January 15 this year.

The index that showed steady rise in the past few days finished the day at 5038.79, 99.79 points or 2.02 percent higher from Tuesday's close.

The daily turnover also rose to taka 821.21 crore, a record high after February 8 when the daily trade value was taka 842 crore.

Stockbrokers attributed the rise to the positive media report about power and pharmaceuticals sectors that attracted many investors and earned significant return to take the index up.

The trade pattern also showed that more investors were concentrating towards the low-rated scrips for profit-taking, resulting in making issues from textile, jute and other low- demand sectors the day's major gainers with 8 to nearly 10 percent increase.

Financial sector continued fall due to not-so-positive earning expectation. Nine out of the day's top 10 losing issues were from this sector with 2 to 6 percent fall.

The Securities and Exchange Commission (SEC) yesterday approved Beximco's offer for issuing over 80 lakh shares of taka 10 face value. The shares will be issued for taking over the 100 percent ownership of four other companies by Beximco.

The companies include International Knitwear and Apparels Limited, Beximco Fashion Limited, Crescent Fashion and Design Limited and Freshtex Bangladesh Limited.
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