DSE stocks take breather

FE Team | Published: February 15, 2008 00:00:00 | Updated: February 01, 2018 00:00:00

FE Report
Shares on the Dhaka Stock Exchange (DSE) continued to remain stagnant Thursday amid the persistent decline in turnover.
Dominated by losers, the total turnover hit a nine-day low at Tk 1.81 billion (181 crore) from the previous day's Tk 1.91 billion.
The benchmark DSE General Index (DGEN), the All Shares Price Index (DSI) and the DSE-20 Index (DS20) gained slightly by 3.08 points, 5.34 points and 2.39 points to close at 2969.70, 2501.84 and 2343.04 respectively.
Trading on the day, however, began on a positive note at the DSE and the main index DGEN climbed around 12 points in first one hour and a half. Later, it shed some points towards the close of trade.
Commenting on the market, a capital market analyst said, "Actually the market is going through a brief pause as the investors have taken time to gauge some decisions made by the securities regulator and a chaos related to a bank's AGM."
However, he advised the small investors to remain careful while investing in securities during this period as a section of market players might reap the benefit of the situation.
About merchant banks' cautious stance on loan disbursement, the analyst said, "I would say the merchant banks' stand at this moment is quite right."
Out of 231 issues traded on the day, 98 advanced, 109 declined and 24 remained unchanged.
The total market capitalisation rose to Tk 810.84 billion from Wednesday's Tk 809.44 billion.
Trading in shares of the Z-category United Commercial Bank (UCB) came to a halt in the middle of trade for the second day as its share price crossed the circuit breaker set by the Securities and Exchange Commission (SEC). The share price of the bank continued to scale up and posted a 9.99 per cent rise to close at Tk 4065.75 per share.