Indices mixed amid cautious trading

FE Team | Published: September 22, 2007 00:00:00 | Updated: February 01, 2018 00:00:00

FE Report
The stock prices on the Dhaka Stock Exchange (DSE) remained mixed amid cautious trading during the week ended Thursday.
The daily average turnover further declined 28.87 per cent to Tk 1.27 billion against Tk 1.79 billion of the previous week.
"The investors usually remain cautious this time in the year ahead of the Eid festival and this was reflected in the week's trading," said a DSE broker.
Two market barometers -- DSE General Index or DGEN and DSE 20, the index of blue-chip companies -- gained 4.23 points and 7.81 points respectively but the all share price index or DSI shed 3.22 points in the week over the previous week.
DGEN, DSE 20 and DSI indices closed 2553.99, 2045.79 and 2116.43 respectively.
Out of 276 listed issues, 81 gained, 130 declined, 23 remained unchanged and 42 were not traded in the week.
BRAC Bank and Summit Power were the top two turnover leaders while Prime Bank, Power Grid, UCBL, Grameen One, DESCO, AIMS, AB Bank and Southeast Bank followed the rally.
Shares worth Tk 614.77 million of BRAC Bank and Tk 380.12 million of Summit Power were traded accounting for 9.64 per cent and 5.96 per cent of the total trading of the week.
7th ICB Mutual Fund and 8th ICB Mutual Fund were the top gainers in the week with 40.71 per cent and 34.51 per cent rises over the previous week.
Besides, Eastern Lubricants, Olympic Industries, Padma Oil and AIMS First Mutual Fund were the other top gainers in the week.
Meanwhile, share trading of another non-banking financial institution (NBFI)- Phoenix Finance and Investments Ltd- begins on both the stock exchanges on September 27.
Phoenix Finance will be the 16th listed NBFI on the Dhaka Stock Exchange and Chittagong Stock Exchange.
The already listed NBFIs are IDLC, United Leasing, Uttara Finance, MIDAS Financing, First Lease International, People's Leasing, Prime Finance and Investment, Premier Leasing, Islamic Finance and Investment, LankaBangla Finance, Bangladesh Industrial Finance, IPDC, Union Capital and Bangladesh Finance Investment Co Ltd and International Leasing.