FE Report
The stock prices on the Dhaka Stock Exchange (DSE) declined in the week ended Wednesday last although the daily average turnover marked a rise.
The prevalent situation in the country affected the market and trading took place four days instead of regular five days as there was no trading Thursday.
All the market barometers-DSE General Index or DGEN, DSE 20 and All Shares Price Index or DSI- shed 25.55 points, 109.45 points and 10.84 points in the week over the previous week.
DGEN, DSI and DSE 20 indices closed 2335.79, 1914.21 and 1939.86 points respectively.
The daily average turnover rose 38.11 per cent to Tk 1.65 billion from Tk 1.19 billion.
"Fund flow from the refund warrants of IPOs like International Leasing and Phoenix Finance helped the turnover to rise," a DSE source pointed out.
A whopping Tk 7.0 billion will be refunded to the investors from the refund warrants of Trust Bank Ltd in early September.
Investors deposited Tk 8.0 billion against Tk 700 million in the IPO of Trust Bank and the lottery will be held by the end of this month.
Out of 274 issues, only 66 gained, 156 declined, 16 remained unchanged and 36 were not traded in the week.
DESCO and Square Pharma were the top two turnover leaders while Summit Power, BRAC Bank, AB Bank, UCBL, NBL, Uttara Bank, Power Grid and Pubali Bank followed the rally.
Shares worth Tk 740.44 million of DESCO and Tk 499.46 million of Square Pharma were traded accounting for 11.19 per cent and 7.55 per cent of the total trading of the week.
Square Pharma declined 22.95 per cent to close at Tk 3538.75 per share as the company went ex-dividend in the week.
ICB, Renwick Jajneswar, First BSRS and National Tubes were the top gainers with 37.63 per cent, 20.50 per cent, 17.74 per cent and 16.73 per cent rises over the previous week.
Prices decline, turnover rises
FE Team | Published: August 26, 2007 00:00:00 | Updated: February 01, 2018 00:00:00
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