Share prices shot up on Sunday shrugging off previous week’s downtrend as investors hope that the government initiative to waive 50 percent interest on marginal loans will have a positive impact of stockmarket.
The general index of Dhaka Stock Exchange (DGEN) began the new week by gaining 23 points or 0.5 percent to reach 4,577 at the end of trading hours on Sunday.
Of the issues traded, 156 advanced, 78 declined, while 22 remained unchanged.
Total trade was 94,333 while total transaction Tk 273.85crore.
The DGEN opened at 11:00am with a steep drop of nearly 50 points in the first ten minutes to reach the day’s lowest value of 4,505 points.
After that, it picked up gradually to reach a peak close to the noon.
Since then, the general index fell and recovered erratically for the next two hours to bottom out in a trough around 2:10pm.
The DGEN, after that, started a sharp climb to reach the highest value of 4,597 points fifteen minutes before closing.
On Thursday, the DGEN shed 141 points to close at 4,553 points.
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