Buying pressure gains momentum at the end of Ramadan
Saturday, 19 September 2009
FE Report
Dhaka stocks recovered in the week that ended Thursday, boosted by expectation that the market might be buoyant after nine-day long Eid holiday.
The benchmark DSE General Index (DGEN) surged 116.36 points or 3.95 per cent to end at 3058.80.
The broader All Shares Price Index (DSI) rose 97.48 points or 3.44 per cent to close at 2570.20. The DSE-20 blue chip index added 31.10 points or 1.46 per cent to finish at 2163.14.
Buying pressure, which eased during Ramadan, was gaining momentum at the end of Ramadan, according to the stockbrokers.
The Dhaka Stock Exchange (DSE) will resume share trading on September 27 as usual.
The daily average turnover in the week increased at Tk 5.13 billion, up by 11.48 per cent, an increase of only 0.49 percentage points over the previous week.
Mutual funds and energy stocks performed better in the week although in the last trading session both the sector declined on price correction. Bank, insurance and non-banking financial institutions made moderate gain.
State-owned gas distribution company Titas was the top turnover leader with shares worth Tk 1.35 billion trading as its date of dividend declaration is approaching.
Summit Power, Navana CNG Limited, Beximco, Aims First Mutual Fund, Maksons Spinning Mills Limited, Bextex Ltd, 8th ICB AMCL 2nd NRB mutual fund and Summit Alliance Port Limited were the next top turnover leaders.
Marico Bangladesh Ltd, a subsidiary of Mumbai based group, made debut in the fourth session Wednesday.
First BSRS, Grameen Mutual One, Dafodil Computers, Bangas, BGIC, Janata Insurance, Kohinoor Chemicals, 5th ICB mutual fund, Fu Wang Food and Legacy Footwear were the top gainers.
Metro Spinning, Jute Spinners, Renwick Jajneswar, Berger Paints, Sonali Aansh, Aftab Automobiles, BDAutocars, Reckitt Benckiser(Bd)Ltd, Meghna Cement and Renata Ltd were the major losers during the week.
Dhaka stocks recovered in the week that ended Thursday, boosted by expectation that the market might be buoyant after nine-day long Eid holiday.
The benchmark DSE General Index (DGEN) surged 116.36 points or 3.95 per cent to end at 3058.80.
The broader All Shares Price Index (DSI) rose 97.48 points or 3.44 per cent to close at 2570.20. The DSE-20 blue chip index added 31.10 points or 1.46 per cent to finish at 2163.14.
Buying pressure, which eased during Ramadan, was gaining momentum at the end of Ramadan, according to the stockbrokers.
The Dhaka Stock Exchange (DSE) will resume share trading on September 27 as usual.
The daily average turnover in the week increased at Tk 5.13 billion, up by 11.48 per cent, an increase of only 0.49 percentage points over the previous week.
Mutual funds and energy stocks performed better in the week although in the last trading session both the sector declined on price correction. Bank, insurance and non-banking financial institutions made moderate gain.
State-owned gas distribution company Titas was the top turnover leader with shares worth Tk 1.35 billion trading as its date of dividend declaration is approaching.
Summit Power, Navana CNG Limited, Beximco, Aims First Mutual Fund, Maksons Spinning Mills Limited, Bextex Ltd, 8th ICB AMCL 2nd NRB mutual fund and Summit Alliance Port Limited were the next top turnover leaders.
Marico Bangladesh Ltd, a subsidiary of Mumbai based group, made debut in the fourth session Wednesday.
First BSRS, Grameen Mutual One, Dafodil Computers, Bangas, BGIC, Janata Insurance, Kohinoor Chemicals, 5th ICB mutual fund, Fu Wang Food and Legacy Footwear were the top gainers.
Metro Spinning, Jute Spinners, Renwick Jajneswar, Berger Paints, Sonali Aansh, Aftab Automobiles, BDAutocars, Reckitt Benckiser(Bd)Ltd, Meghna Cement and Renata Ltd were the major losers during the week.