Dhaka stocks close broadly higher
Wednesday, 5 March 2008
FE Report
Dhaka stocks closed broadly higher Tuesday snapping the sluggish trend of the second consecutive session with a decreased turnover.
The pharmaceuticals, banks, mutual funds, IT and textile issues led the gaining streak.
"This is the season for announcement of corporate dividends that attract both the institutional and small investors in the buying spree, sending the indices into the positive territory," a stockbroker said.
Dominated by gainers, the day's total turnover, however, came down to Tk 2.07 billion against previous day's Tk 2.12 billion.
All the indices- the benchmark DSE general Index (DGEN), All Shares Price Index (DSI) and the DSE-20, comprising blue chips, - gained 22.28 points, 18.97 points and 9.22 points to close at 2938.00, 2486.49 and 2319.98 respectively.
From the very outset, the trading began with a cheerful note and the key index DGEN climbed more than 27 points. Later, it shed some points toward close of the trade.
Out of 244 issues traded, 166 gained, 68 declined and 10 remained unchanged.
The total market capitalisation rose slightly to Tk 806.86 billion from Monday's Tk 801.37 billion.
Share prices of all the traded pharmaceuticals companies numbering 20 gained ground on the positive news that some companies would expand their business, which has left the ripple effect on other companies as well, market sources said.
AB Bank continued to retain the top turnover position with shares worth Tk 376.32 million traded, recording a rise of 5.37 per cent to finish at Tk 3185.25 a share.
Square Pharmaceuticals was the second turnover leader with shares worth Tk 98.65 million changing hands, posting a 0.43 per cent rise per share price ending at Tk 3499.50.
Beximco Pharma, Grameen One, United Commercial Bank (UCB), IFIC Bank, ACI, ICB First NRB, Uttara Bank and Jamuna Oil Company were the other turnover leaders.
Ambee Pharma, Pharmaco, Delta Spinning, Pharmaco International, Kay and Que and Ibne Sina were the leading gainers with their stocks prices rising 19.80 per cent, 18.98 per cent, 17.94 per cent, 16.07 per cent, 16.06 per cent and 10.32 per cent respectively.
Samorita Hospital, Monno Jute Stafflers, Zeal Bangla and Confidence Cement were the major losers on the day.
Dhaka stocks closed broadly higher Tuesday snapping the sluggish trend of the second consecutive session with a decreased turnover.
The pharmaceuticals, banks, mutual funds, IT and textile issues led the gaining streak.
"This is the season for announcement of corporate dividends that attract both the institutional and small investors in the buying spree, sending the indices into the positive territory," a stockbroker said.
Dominated by gainers, the day's total turnover, however, came down to Tk 2.07 billion against previous day's Tk 2.12 billion.
All the indices- the benchmark DSE general Index (DGEN), All Shares Price Index (DSI) and the DSE-20, comprising blue chips, - gained 22.28 points, 18.97 points and 9.22 points to close at 2938.00, 2486.49 and 2319.98 respectively.
From the very outset, the trading began with a cheerful note and the key index DGEN climbed more than 27 points. Later, it shed some points toward close of the trade.
Out of 244 issues traded, 166 gained, 68 declined and 10 remained unchanged.
The total market capitalisation rose slightly to Tk 806.86 billion from Monday's Tk 801.37 billion.
Share prices of all the traded pharmaceuticals companies numbering 20 gained ground on the positive news that some companies would expand their business, which has left the ripple effect on other companies as well, market sources said.
AB Bank continued to retain the top turnover position with shares worth Tk 376.32 million traded, recording a rise of 5.37 per cent to finish at Tk 3185.25 a share.
Square Pharmaceuticals was the second turnover leader with shares worth Tk 98.65 million changing hands, posting a 0.43 per cent rise per share price ending at Tk 3499.50.
Beximco Pharma, Grameen One, United Commercial Bank (UCB), IFIC Bank, ACI, ICB First NRB, Uttara Bank and Jamuna Oil Company were the other turnover leaders.
Ambee Pharma, Pharmaco, Delta Spinning, Pharmaco International, Kay and Que and Ibne Sina were the leading gainers with their stocks prices rising 19.80 per cent, 18.98 per cent, 17.94 per cent, 16.07 per cent, 16.06 per cent and 10.32 per cent respectively.
Samorita Hospital, Monno Jute Stafflers, Zeal Bangla and Confidence Cement were the major losers on the day.