Prices continue to rally amid hefty turnover

FE Team | Published: September 09, 2007 00:00:00 | Updated: February 01, 2018 00:00:00

FE Report
The stock prices on the Dhaka Stock Exchange (DSE) continued to rally amid a hefty turnover in the week ended Thursday.
The turnover on Monday last crossed Tk 2.0 billion-mark for the first time without 'netting facility' which became effective since July 31.
The week witnessed another record when the benchmark DSE General Index or DGEN crossed 2500-mark for the first time.
Trading took place four days instead of five days as there was no trading Tuesday due to public holiday on account of Janmastami.
All the market barometers- DGEN, DSE 20 and All Shares Price Index or DSI- gained 98.82 points, 62.89 points and 67.39 points respectively in the week over the previous week.
DGEN, DSI and DSE 20 indices closed 2553.91, 2056.43 and 2127.11 points respectively.
The daily average turnover gained 18.35 per cent to Tk 1.92 billion from Tk 1.63 billion.
Out of 274 issues, 141 gained, 69 declined, 19 remained unchanged and 45 were not traded in the week.
Power Grid and BRAC Bank were the top two turnover leaders while DESCO, Summit Power, AB Bank, NBL, City Bank, Prime Bank, UCBL and Square Pharma followed the rally.
Shares worth Tk 893.18 million of Power Grid and Tk 751.20 million of BRAC Bank were traded accounting for 11.58 per cent and 9.74 per cent of the total trading of the week.
Four life insurance companies -- People's Insurance, Progressive Life Insurance, Sandhani Life Insurance and Prime Islami Life Insurance- were the top four gainers with 35.00 per cent, 31.61 per cent, 30.03 per cent and 28.70 per cent respectively against the previous week.
Meanwhile, share trading of two non-banking financial institutions (NBFIs) -- Bangladesh Finance and Investment Co Ltd and International Leasing -- begins on both the stock exchanges September 11 and 16 respectively.