DSE vibrant again after a brief pause

---

FE Report
The stock prices on the Dhaka Stock Exchange (DSE) bounced back in the week ending Thursday as institutions went for fresh buying.
Insurance, bank and leasing companies led the rally in the week.
Share prices of bank and insurance companies rallied on a news that the 'total capital' of the financial institutions will be enhanced.
All the market barometers-DSE General Index (DGEN), DSE-20 Index (DS20) and All Share Price Index (DSI)- gained 103.83 points, 57.55 points and 82.03 points respectively.
DGEN, DSE 20 and DSI closed at 2940.15, 2252.21 and 2494.01 respectively.
Trading took place in four days in the week instead of five days as the market remained closed November 7 due to National Revolution and Solidarity Day.
Social Investment Bank, a 'Z' category share became the top turnover leader Tuesday with the announcement of release of the bank from the list of 'problem banks' by the central bank.
The bank gained 25.34 per cent rise in the week.
Out of 279 listed issues, 139 gained, 94 declined, eight remained unchanged and 38 were not traded.
BRAC Bank was the turnover leader with traded shares worth Tk 519.827 million changing hands, accounting for 6.08 per cent of the week's total turnover.
Power Grid, Social Investment Bank, Trust Bank, Summit Power, One Bank, Lafarge Surma Cement, Eastern Bank, Islami Bank and DESCO were other turnover leaders.
Janata Insurance, a 'Z' category share was the top gainer in the week with a whopping 45.65 per cent rise over the past week. However, no specific reason for this could be cited by the market operators.
Federal Insurance, Pharma Aid, Asia Pacific General Insurance, Prime Insurance, Nitol Insurance, Sonarbangla Insurance, Bangladesh Finance, Social Investment Bank and Islamic Finance were the other top gainers with 43.61 per cent, 40.23 per cent, 34.23 per cent, 30.28 per cent, 28.74 per cent, 28.68 per cent, 27.11 per cent, 25.34 per cent and 25.06 per cent rises respectively against the previous week.
On the other hand, Lexco, Saleh Carpet, Usmania Glass, Anlima Yarn, Rahima Food, Excelsior Shoes, H R Textile, Saiham Textile, Raspit Incorporation (BD) and Jute Spinners were the top losing companies in the week.
Meanwhile, upbeat investors are taking preparation to go for the buying of two power sector issues -- Jamuna Oil and Meghna Oil.
The board of directors of Dhaka Stock Exchange (DSE) Thursday agreed, in principle, to list the state-owned Jamuna and Meghna Oil companies for offloading their shares for formal trading in the stock markets.
Earlier, the DSE board in a meeting decided to seek clarifications on some issues from both the state-owned oil companies, ahead of their listing with the bourses.
In another move, the meeting approved the formal trading of the City General Insurance Company from Monday next.
Talking to the FE, Chief Executive Officer (CEO) of the DSE, Salahuddin Ahmed Khan said the board members agreed in the meeting for listing both Jamuna and Meghna subject to correction in their information document (ID).
"I cannot exactly say when the trading of those two companies will commence. If the companies correct their required documents earlier, the trading will also start soon," Salahuddin Ahmed Khan said.
Jamuna Oil and Meghna Oil will be directly listed on the bourses after the DSE approval in favour of their listing.
"We hope shares worth Tk 2.27 billion of Jamuna Oil, Meghna Oil and Titas Gas will be floated by the end of 2007 and it is creating a strong enthusiasm among the investors," a DSE source told the FE.