DSE indices dip due to price correction

FE Team | Published: August 13, 2007 00:00:00 | Updated: February 01, 2018 00:00:00

FE Report
The indices on the Dhaka Stock Exchange (DSE) Sunday dipped due to price correction and ongoing flood across the country.
Market operators said withdrawal of the financial adjustment is mainly responsible for the decline in the indices.
On the other hand, a source in the Securities and Exchange Commission (SEC) said the regulatory watchdog has no plan to change the decision regarding financial adjustment facility.
On Sunday, the first trading session of the week, DSE-20 Index (DS20), DSE General Index (DGEN) and All Shares Price Index (DSI) shed by 60.221 points, 49.641 points and 27.764 points to close at 2001.429, 2254.561 and 1870.115 respectively.
The total turnover rose to Tk 1.094 billion from Tk 1.084 billion Thursday last. The total market capitalisation declined to Tk 532.520 billion Thursday last.
Out of 208 traded issues, prices of 62 gained, 130 declined and 16 remained unchanged on the day.
Summit Power was the turnover leader with traded volume worth Tk 120.990 million followed by BRAC Bank Tk 61.721 million Square Pharma Tk 54.829 million, Desco Tk 47.755 million, Southeast Bank Tk 39.910 million, UCBL Tk 39.686 million, Rupali Bank 37.453 million, IFIC Bank Tk 36.560 million, Prime Bank Tk 35.806 million and Pubali Bank Tk 35.398 million.
Prices of Summit Power gained 2.61 per cent to Tk 1273.00, Rupali Bank 5.81 per cent to Tk 1538.75, IFIC Bank 10.67 per cent to Tk 2533.00 and Niloy Cement 14.19 per cent to Tk 90.50.
BRAC Bank declined 3.12 per cent to Tk 899.00, Square Pharma 1.74 per cent to Tk 4888.00, Desco 4.51 per cent to 883.25, Southeast Bank 5.87 per cent to Tk 508.50, UCBL 1.26 per cent to Tk 3516.50, Prime Bank 4.84 per cent to Tk 717.50, Pubali Bank 2.03 per cent to Tk 854.25 and Jamuna Bank 15.75 per cent to Tk 287.50.
Peoples Leasing and Financial Services Limited (PLFSL) has informed that it has credited the stock dividend at 30 per cent for the year 2006 to the respective shareholders' BO Accounts.
The SEC has issued show-cause cum hearing notice to the Bank, its Directors, Managing Director and Company Secretary of Exim Bank for non-compliance with securities related laws in connection with the audited financial statements for the year ended on December 31, 2006.