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GP propels DSE index over historic 5000-mark
22 January, 2010

A Grameenphone gain of 7.71 percent thrust the Dhaka Stock Exchange (DSE) benchmark index above historic 5000 mark on Thursday.

Grameenphone, the country's largest mobile operator and accounts for more than 16 per cent of the total market capitalisation, gained Tk 18 to close at Tk 244.44 on the news that its board of directors resolved to form and incorporate an IT company under the name Grameenphone IT Ltd.

Grameenphone topped the turnover list with 5070200 shares worth Tk 1.20 billion traded on the day, the highest ever single-day transaction in shares by a company in the country's stock market history.

It broke its own record set on January 21 when its shares worth Tk 1.07 billion changing hands at the DSE. Beximco Ltd was the second top turnover leader with shares worth Tk 581.37 million traded.

The market kicked-off the day with a bullish trend and maintained the tone throughout the session. Investors preferred trading in telecommunication, financials, mutual funds and energy stocks.


Release link:http://www.thefinancialexpress-bd.com/more.php?news_id=90246

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