DSE stocks gain as buying spree continues

FE Team | Published: June 21, 2007 00:00:00 | Updated: February 01, 2018 00:00:00

FE Report
Stock prices on the Dhaka Stock Exchange (DSE) gained Wednesday amid a hefty turnover as the investors' buying spree continued.
The turnover jumped to Tk 1.758 billion (175.8 crore) on the day from Tk 1.494 billion of the previous day.
The total market capitalisation also increased to Tk 458.710 billion from Tk 456.273 billion of the previous day.
Out of 197 issues traded, prices of 86 gained, 98 declined and 13 remained unchanged on the day.
All Shares Price Index (DSI), DSE-20 Index and DSE General Index (DGEN) gained by 10.913 points, 13.529 points and 11.949 points to close at 1696.018, 1849.342 and 2074.549 respectively.
Prices of the United Commercial Bank Ltd (UCBL) shares rose by 11.37 per cent to Tk 2,731.00 on the news that its earnings per share (EPS) in 2006 were better than that of the previous year.
The investors also felt encouraged to buy the shares as the central bank penalised the UCBL along with two other banks for violating the related rules in constitution of their boards.
"Investors now feel that the UCBL will hold the AGM regularly and also pay dividends," a DSE source said.