FE Report
The total market capitalisation on the Dhaka Stock Exchange (DSE) Monday crossed $ 7.0 billion-mark with the closing of the benchmark index near 2200 points due to buoyant trading of issues under banking, insurance, power and mutual funds.
Earlier the total market capitalisation crossed $ 6.0 billion-mark on May 14 this year.
The total market capitalisation whopped to $ 7.0021 billion (one dollar-Tk 69) or Tk 483.157 billion Monday from Thursday's Tk 475.855 billion.
'Crossing $ 7.0 billion-mark of the market capitalisation is another milestone in the history of our growing capital market over the years,' said DSE's senior vice president Ahmad Rashid.
He said all the stakeholders of the capital market, from investors to regulators, contributed to the growth of the market.
Over the years, awareness of the investors grew up and they gained confidence in the stock market for entry of some big companies under power and banking sectors, he said.
He said the market got a boost with the recent Investor Conference where portfolio investors and non-resident Bangladeshi (NRB) investors showed enthusiasm to invest in the country's growing stock market.
The news of floatation of shares by big companies like GrameenPhone and other power and energy companies propelled the buying spree in the stock market in recent days, market operators said.
Big companies like Dhaka Electric Supply Company, Power Grid Company Bangladesh, Jamuna Bank, BRAC Bank and Shahjalal Islami Bank went public during the last two years encouraging the investors.
The issued capital of above five companies were Tk 8.86 billion.
Of them Power Grid issued shares worth Tk 3.64 billion, DESCO Tk 1.27 billion, Shahjalal Islami Bank Tk 1.87 billion, Jamuna Bank Tk 1.07 billion and BRAC Bank Tk 1.0 billion.
DSE market cap crosses $7b-mark
FE Team | Published: July 03, 2007 00:00:00 | Updated: February 01, 2018 00:00:00
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