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Dhaka stocks move slightly up

Saturday, 5 September 2009


FE Report
Dhaka stocks ended the week on a positive note after non-banking financial institutions drove all three indices of the country's premier bourse slightly up.
The benchmark DSE General Index (DGEN) gained 7.74 points or 0.26 per cent to end at 2,985.46. The broader All Shares Price Index (DSI) also gained 8.24 points or 0.33 per cent to close at 2,509.95.
The DSE-20 blue chip index gained 33.15 points or 1.57 per cent to finish the week at 2,141.89.
Gainers beat the losers as out of 302 issues traded, 127 advanced, 113 declined, three remain unchanged and 59 securities were not traded.
The daily average turnover in the week was Tk 4.57 billion, down by 21.18 per cent from the previous week's turnover of Tk 5.80 billion.
Almost all insurance companies performed better on the news that the proposed insurance bills might be passed in the next parliament session scheduled to begin on September 7.
Navana CNG Ltd, a sister concern of Navana Group which made debut in the country's two bourses earlier in the week, was the top turnover leader with shares worth Tk 1.88 billion traded, accounting for 8.22 per cent of the total turnover.
Beximco Pharma, country's leading pharmaceutical manufacturer and exporter, came second with shares worth Tk 1.10 billion traded.
The pharmaceutical company was followed by Beximco, Summit Alliance Port Limited, Bextex Limited, ICB AMCL 2nd NRB MF, Titas Gas, Jamuna oil, Aims 1st MF and Aftab Automobiles.
Apex Spinning advanced by 25.83 per cent to emerge as the highest gainer of the week.
The other top gainers were Kohinoor Chemicals, Savar Refractories, Metro Spinning, Bay Leasing & Investment Ltd, 1st Lease Finance & Investment Ltd, ICB AMCL 1st NRB MF, ICB AMCL Islamic MF, Premier Bank and BDFinance.
Dandy Dyeing, Delta-Brac Housing, Janata Insurance, Alpha Tobacco, Chittagong Vegetable, Modern Dyeing, CMC Kamal, Modern Industries, Samata Leather and BLTC were the top losers in the week.