DSE benchmark index crosses new milestone
Friday, 16 November 2007
FE Report
The benchmark index of the country's premier bourse, Dhaka Stock Exchange (DSE), crossed a new milestone Thursday thanks to strong buying support from both institutional and retail buyers in a rising market.
The DSE General Index (DGEN) crossed the 3,000 points mark to hit 3,013.000, up by 27.817 points, on the day, the last trading day of the week.
Earlier on October 22 last the DSE main index hit 2901.692, up by 41.131 points. The DGEN crossed the 2700-mark on October 7 and the 2800-mark just after two days of trading.
Besides, the DSE has also set records in terms of turnover and market capitalisation mainly due to strong buying support from both retail and institutional investors.
However, market operators Thursday said prices of shares on the DSE have started gaining again after two days of the indices closing mixed.
Currently, the market is buoyant as the investors are expecting lucrative disclosures by companies by the end of this calendar year.
In the gainers-dominated market, two other major indices --- All Shares Price Index (DSI) and DSE-20 Index (DS20) --- gained 21.990 points and 10.068 points to close at 2549.341 and 2325.543 respectively.
But the total turnover declined to over Tk 2.22 billion (222 crore) from the previous Tk 2.698 billion. But the total market capitalisation rose to Tk 729.062 billion from the previous Tk 723.834 billion.
Out of 224 traded issues, prices of 127 gained, 75 declined and 22 remained unchanged.
The Power Grid maintained its position as the turnover leader with traded shares worth Tk 277.411 million, followed by BRAC Bank with Tk 116.570 million, UCBL with Tk 96.711 million, Lafarge Surma Cement with Tk 89.72 million, AB Bank with Tk 75.372 million, Social Investment Bank with Tk 61.945 million, Islami Bank with Tk 61.450 million, Bextex Tk 61.277 million, Trust Bank Tk 49.939 million, and Standard Bank Tk 45.110 million.
The benchmark index of the country's premier bourse, Dhaka Stock Exchange (DSE), crossed a new milestone Thursday thanks to strong buying support from both institutional and retail buyers in a rising market.
The DSE General Index (DGEN) crossed the 3,000 points mark to hit 3,013.000, up by 27.817 points, on the day, the last trading day of the week.
Earlier on October 22 last the DSE main index hit 2901.692, up by 41.131 points. The DGEN crossed the 2700-mark on October 7 and the 2800-mark just after two days of trading.
Besides, the DSE has also set records in terms of turnover and market capitalisation mainly due to strong buying support from both retail and institutional investors.
However, market operators Thursday said prices of shares on the DSE have started gaining again after two days of the indices closing mixed.
Currently, the market is buoyant as the investors are expecting lucrative disclosures by companies by the end of this calendar year.
In the gainers-dominated market, two other major indices --- All Shares Price Index (DSI) and DSE-20 Index (DS20) --- gained 21.990 points and 10.068 points to close at 2549.341 and 2325.543 respectively.
But the total turnover declined to over Tk 2.22 billion (222 crore) from the previous Tk 2.698 billion. But the total market capitalisation rose to Tk 729.062 billion from the previous Tk 723.834 billion.
Out of 224 traded issues, prices of 127 gained, 75 declined and 22 remained unchanged.
The Power Grid maintained its position as the turnover leader with traded shares worth Tk 277.411 million, followed by BRAC Bank with Tk 116.570 million, UCBL with Tk 96.711 million, Lafarge Surma Cement with Tk 89.72 million, AB Bank with Tk 75.372 million, Social Investment Bank with Tk 61.945 million, Islami Bank with Tk 61.450 million, Bextex Tk 61.277 million, Trust Bank Tk 49.939 million, and Standard Bank Tk 45.110 million.