Trading of Grameen Two begins tomorrow

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FE ReportbrStock prices rose Sunday on the Dhaka Stock Exchange (DSE) amid a rally of issues under mutual funds and insurance sector.brAll the market barometers -- benchmark DSE General Index (DGEN), All Shares Price Index (DSI) and DSE-20 Index (DS20), the blue chips, -- rose 25.75 points, 20.04 points and 15.64 points respectively and closed at 2791.20, 2389.15 and 2441.53.brMeanwhile, the trading of country's largest IPO-Grameen One Scheme Two-begins tomorrow (Tuesday) on both the stock exchanges.brThe trading code of the newly listed issue is GrameenS2.brThe DSE in a board meeting Sunday fixed the debut trading date of country's 16th mutual fund.brGrameen Two is the largest IPO worth Tk 1.25 billion with the face value of Tk ten each. The subscription of the issue ended July 14.brCurrently, the market has a total of 15 mutual funds worth Tk 1.86 billion only.brEarlier 'ICB NRB second mutual fund' worth Tk 1.0 billion was the largest IPO.brAfter a long bearish spell, the market gained for the last six sessions, indicating the market was heading towards a stable position, a market operator said.brThe total turnover rose to Tk 2.66 billion against Tk 2.46 billion with hefty tradings of Titas, ACI and Beximco Pharma, the top three turnover leaders.brOf them, Titas Gas bagged the top position with Tk 439.22 million, ACI second position with Tk 153.48 million and Beximco Pharma third position with Tk 102.72 million traded.brTitas gained 9.65 per cent to close at tk 411.75 per share.brOut of 231 issues traded, 137 advanced, 82 declined and 12 remained unchanged. brThe total market capitalization rose to Tk 969.87 billion against Tk 963.43 billion.