Stocks continue to rally on DSE

FE Team | Published: August 28, 2007 00:00:00 | Updated: February 01, 2018 00:00:00

FE Report
Stock prices on the Dhaka Stock Exchange (DSE) continued to rally for the second consecutive day Monday amid buying spree by the investors.
Market operators said the stock market has been showing buoyancy in recent time due to higher flow of fund and absence of adequate supply of quality shares.
"Moreover, people have limited options of investment from which they can gain profit in short time. Under the circumstances, the retail investors have chosen the stock market for their investment," said a Chief Executive Officer (CEO) of a securities company.
On Monday, all the market barometres as well as total turnover and market capitalisation increased.
DSE General Index (DGEN), DSE-20 Index (DS20) and All Shares Price Index (DSI) gained 20.730 points, 19.299 points and 18.957 points to close at 2398.416, 1958.385 and 2001.138 respectively.
The total turnover rose to Tk 1.662 billion from Tk 1.162 billion on the previous day. The total market capitalisation also increased to Tk 561.481 billion from Tk 557.056 billion previously.
Out of 200 traded issues prices of 93 gained, 86 declined and 21 remained unchanged.
BRAC Bank was the turnover leader with traded volume of its shares worth Tk 216.947 million followed by Desco Tk 203.119 million, Power Grid Tk 142.881 million, UCBL Tk 106.575 million, Heidelberg Cement Tk 61.244 million, NBL Tk 54.329 million, AB Bank Tk 47.160 million, Pubali Bank Tk 43.856 million, Uttara Bank Tk 43.589 million and Rupali Bank Tk 38.063 million.
Prices of BRAC gained 3.59 per cent to Tk 994.00, Power Grid 3.94 per cent to Tk 593.25, UCBL 5.67 per cent to Tk 4011.50, NBL 3.27 per cent to Tk 1089.25, AB Bank 0.58 per cent to Tk 2020.50, Pubali Bank 2.20 per cent to Tk 916.00, Uttara Bank 3.20 per cent to Tk 3231.75 and Rupali Bank 1.97 per cent to Tk 1576.75.
Share prices of Desco declined by 1.39 per cent to Tk 1152.50 and Heidelberg Cement 0.83 per cent to Tk 1215.25.
In response to a DSE queries, Square Pharma has informed that it has not any plan to convert the cash dividend into stock dividend. BD Com, Padma Oil Company, Eastern Lubricant Limited, Usmania Glass Limited and BATBC have informed that there was no undisclosed price sensitive information of the company for the recent unusual price hike.
The Securities and Exchange Commission (SEC) has issued show-cause cum hearing notice to the Companies, their Directors, Managing Directors and Company Secretaries of Raspit Inc. BD Ltd. and Raspit Data Mgt. & Telecommunications Ltd in connection with transfer of shares.