DSE turnover rises to Tk 2.34b

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FE Report
The total turnover on the Dhaka Stock Exchange (DSE) Tuesday whopped to Tk 2.344 billion, the highest ever amid a continued rally of share prices.
The turnover crossed Tk 2.0 billion-mark on the day after a 23 days' gap when the bourse last witnessed the surge on June 3.
The rally of stock prices on the day was led by banking issues with the enhanced participation of local institutions and portfolio investors. The total turnover was Tk 1.707 billion Monday.
The trading of the bourse first crossed Tk 1.0 billion-mark on January 18 this year.
Of the total turnover, a total of Tk 37.83 million was traded in block transaction in which NBL was at the helm with Tk 32.80 million traded in the block market on the day.
A strong buying support both from retail, institutional and portfolio investors propelled the daily average turnover to new heights, DSE sources said.
Share floatation of some good companies including telecommunications, power, gas and energy are in the pipeline for investment on the stock markets. This is also responsible for higher transaction on the DSE, a DSE source said.
The injection of money on the stock market has been maintaining a steep rise mainly due to lower interest rates in the banks and higher inflow of remittances, he said.
The trend of the market is showing that the turnover will increase further, market operators hoped.
DSE General Index or DGEN, All Shares Price Index or DSI and DSE-20 Index or DS20 gained by 20.348 points, 26.151 points and 14.305 points close to 2149.269, 1770.364 and 1891.569 respectively.
On Tuesday's trading session the total market capitalisation increased to Tk 477.241 billion from Tk 470.464 billion on the previous day.
Out of 209 traded issues, prices of 106 gained, 78 declined and 25 remained unchanged.
Power Grid was the top turnover leader with trading issues worth at Tk 175.399 million followed by Desco at Tk 140.800 million, BRAC Bank at Tk 108.768 million, Heidelberg Cement at Tk 101.378 million, Southeast Bank at Tk 88.370 million, Pubali Bank at Tk 86.933 million, NBL at Tk 81.766 million, Shahjalal Bank at Tk 76.864 million, Exim Bank at Tk 69.432 million and Prime Bank at Tk 65.407 million.
Prices of Southeast Bank rose by 2.08 per cent at Tk 490.25, Pubali Bank by 5.28 per cent at Tk 746.75, NBL by 0.11 per cent at Tk 848.00, Shahjalal Bank by 6.56 per cent at Tk 235.50, Exim Bank by 4.79 per cent at Tk 398.50, Prime Bank by 1.80 per cent at Tk 818.25, AB Bank by 5.68 per cent at Tk 1497.75, the City Bank by 5.46 per cent at Tk 579.00, Dhaka Bank by 5.80 per cent at Tk 524.00, Peoples Insurance by 6.49 per cent at Tk 274.75, Pragati Life Insurance by 9.04 per cent at Tk 515.25, Rupali Bank by 10.25 per cent at Tk 1730.50, Social Investment Bank by 4.19 per cent at Tk 1898.00 and Heidelberg Cement gained by 5.18 per cent close at Tk 1120.00.