Share prices continue to rise

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FE Report
Stock prices on the Dhaka Stock Exchange (DSE) continued their rally for the fourth consecutive day Monday as banking shares gained amid buying by institutional and retail investors.
Marker operators said currently, the market is buoyant with the investors expecting lucrative disclosures by the companies before the end of the calendar year.
They said the stock market will remain vibrant as they are bent upon raising investment before the customary disclosure of price sensitive information at the end of the year.
Shares prices of Keya Cosmetic and Eastern Housing Ltd (EHL) have been rising due to disclosure of price sensitive information.
The board of directors of the EHL has recommended cash dividend at 15 per cent for the year ended on July 31, 2007. Recently, Keya Cosmetic declared 30 per cent cash dividend for the investors, which has attracted the buyers.
"Many more companies are in the line to make disclosure, which will have impact on the share prices of those companies in the stock market," said the chief executive officer (CEO) of a brokerage house.
Prices of banking issues have continued to rise since the later part of last month when the central bank asked the commercial banks to raise their capital base upto Tk 2.0 billion.
On the day, DSE-20 Index (DS20), DSE General Index (DGEN) and All Shares Price Index (DSI) gained 21.391 points, 5.786 points and 2.809 points to close at 2293.815, 2960.243 and 2505.267 respectively.
The total turnover declined to Tk 2.337 billion from its previous Tk 2.509 billion. The total market capitalisation rose to 716.256 billion from its previous Tk 715.44 billion Sunday last.
Out of 219 traded issues prices of 82 gained, 114 declined and 23 remained unchanged.