Stocks open upbeat ahead of Meghna's debut

Dhaka, Jan 13 (bdprem.com)— Dhaka stocks opened upbeat Sunday ahead of state owned oil company Meghna Petroleum's debut on Monday. Issues in banks, power, pharmaceuticals and mutual funds were dominating the turnover board. The market opened with a sharp rise in the general index and continued to rise in the midday sessions. Your Ad Here At 12.30 pm the benchmark DGEN or general index had risen to 3022.42, 29.26 points or 0.97 percent up, while the DSI or all share price index reached 2546.99, up 24.24 points or 0.96 percent. Turnover stood at Tk 992.652 million from trading of 4,130,801 shares. Of the scrips traded, 117 gained, 68 lost and 13 held steady. At 12.27 pm, AB Bank topped the turnover board selling up at Tk 2920 from Thursday's closing of Tk 2785.25. IFIC Bank surged to Tk 2945 from Tk 2758.5 from the previous day. Summit Power was also trading higher at Tk 1548 from Thursday's Tk 1513. UCBL rose to Tk 4808 from Tk 4611.50. Grameen Mutual Fund One was up to Tk 81 from Tk 78.7 the previous day. Among the other scrips on the turnover board, NBL, BRAC Bank, Islami Bank and Square Pharma gained. Prime Bank however, remained unchanged.