DSE main index tops 2400 points
Thursday, 26 July 2007
FE Report
The general index of Dhaka Stock Exchange (DSE) crossed a new milestone at 2422.545 Wednesday in a bullish market.
The Wednesday's rally was led by pharmaceuticals, banks and power companies.
On Tuesday last, DSE General Index (DGEN) was 2378.830. The DGEN crossed 2310.304 July 18 last.
On Wednesday DSE-20 Index (DS20) and All Shares Price Index (DSI) gained 54.577 points and 30.893 points to close at 2221.360 and 1962.442 respectively. The DGEN rose by 43.71 points Wednesday.
The total turnover was Tk 2.32 billion against Tk 1.870 billion on the previous day. The total market capitalisation rose to Tk 547.135 billion from Tk 538.863 billion on the previous day.
Out of 213 traded issues prices of 117 gained, 70 declined and 26 remained unchanged on the day.
"The market is gaining momentum because of investors' confidence and we hope the stock market will further rise with the floatation of shares by big state-owned companies under telecommunications, power, oil and gas sectors," said a senior official of the DSE.
He said more investors are coming into the market with funds after the commercial banks have reduced the interest rates on deposits.
Market operators said the strong buying support from retail, institutional and portfolio investors helped the market achieve the new milestone.
The issues under banking, power, insurance and pharmaceuticals sectors have been maintaining an upward trend over the last few days due to their good financial performances, market operators claimed.
Square Pharma was the turnover leader with a traded volume of Tk 299.693 million, followed by BRAC Bank with Tk 160.207 million, NCC Bank with Tk 112.340 million, Southeast Bank with Tk 95.611 million, Square Textile with Tk 91.079 million, Exim Bank with Tk 85.372 million, City Bank with Tk 78.869 million, Summit Power with Tk 68.021 million, One Bank with Tk 65.869 million and Pubali Bank with Tk 60.804 million on the day.
Prices of Square Pharma gained by 7.21 per cent to close at Tk 5398.50, BRAC Bank by 2.70 per cent to Tk 938.50, NCC Bank by 9.30 per cent to Tk 378.75, Southeast Bank by 0.26 per cent to Tk 566.00, Square Textile by 3.76 per cent to Tk 115.80, Exim Bank by 1.86 per cent to Tk 436.75, City Bank by 2.06 per cent to Tk 643.25, Summit Power by 5.68 per cent to Tk 1213.25, One Bank by 7.22 per cent to Tk 363.75, Pubali Bank by 1.03 per cent to Tk 904.75, Apex Spinning by 15.28 per cent to Tk 343.25, Apex Tannery by 13.23 per cent to Tk 440.75, Apex Adelchi Footwear by 14.29 per cent to Tk 969.50 and AMCL (Pran) by 11.50 per cent to Tk 530.50.
As per un-audited half-yearly accounts as on June 30, Renata Pharmaceuticals Limited reported a net profit of Tk. 161.06 million with earning per share (EPS) at Tk. 167.07 as against last year's half-yearly net profit of Tk. 111.73 million and Tk. 115.90 (diluted) respectively.
The SEC has issued show-cause cum hearing notice to Directors, Managing Director and Company Secretary of Fareast Islami Life Insurance Co. Ltd in connection with audited financial statements for the year ended on December 31, 2006.
In response to a DSE query, Apex Tannery has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike.
The general index of Dhaka Stock Exchange (DSE) crossed a new milestone at 2422.545 Wednesday in a bullish market.
The Wednesday's rally was led by pharmaceuticals, banks and power companies.
On Tuesday last, DSE General Index (DGEN) was 2378.830. The DGEN crossed 2310.304 July 18 last.
On Wednesday DSE-20 Index (DS20) and All Shares Price Index (DSI) gained 54.577 points and 30.893 points to close at 2221.360 and 1962.442 respectively. The DGEN rose by 43.71 points Wednesday.
The total turnover was Tk 2.32 billion against Tk 1.870 billion on the previous day. The total market capitalisation rose to Tk 547.135 billion from Tk 538.863 billion on the previous day.
Out of 213 traded issues prices of 117 gained, 70 declined and 26 remained unchanged on the day.
"The market is gaining momentum because of investors' confidence and we hope the stock market will further rise with the floatation of shares by big state-owned companies under telecommunications, power, oil and gas sectors," said a senior official of the DSE.
He said more investors are coming into the market with funds after the commercial banks have reduced the interest rates on deposits.
Market operators said the strong buying support from retail, institutional and portfolio investors helped the market achieve the new milestone.
The issues under banking, power, insurance and pharmaceuticals sectors have been maintaining an upward trend over the last few days due to their good financial performances, market operators claimed.
Square Pharma was the turnover leader with a traded volume of Tk 299.693 million, followed by BRAC Bank with Tk 160.207 million, NCC Bank with Tk 112.340 million, Southeast Bank with Tk 95.611 million, Square Textile with Tk 91.079 million, Exim Bank with Tk 85.372 million, City Bank with Tk 78.869 million, Summit Power with Tk 68.021 million, One Bank with Tk 65.869 million and Pubali Bank with Tk 60.804 million on the day.
Prices of Square Pharma gained by 7.21 per cent to close at Tk 5398.50, BRAC Bank by 2.70 per cent to Tk 938.50, NCC Bank by 9.30 per cent to Tk 378.75, Southeast Bank by 0.26 per cent to Tk 566.00, Square Textile by 3.76 per cent to Tk 115.80, Exim Bank by 1.86 per cent to Tk 436.75, City Bank by 2.06 per cent to Tk 643.25, Summit Power by 5.68 per cent to Tk 1213.25, One Bank by 7.22 per cent to Tk 363.75, Pubali Bank by 1.03 per cent to Tk 904.75, Apex Spinning by 15.28 per cent to Tk 343.25, Apex Tannery by 13.23 per cent to Tk 440.75, Apex Adelchi Footwear by 14.29 per cent to Tk 969.50 and AMCL (Pran) by 11.50 per cent to Tk 530.50.
As per un-audited half-yearly accounts as on June 30, Renata Pharmaceuticals Limited reported a net profit of Tk. 161.06 million with earning per share (EPS) at Tk. 167.07 as against last year's half-yearly net profit of Tk. 111.73 million and Tk. 115.90 (diluted) respectively.
The SEC has issued show-cause cum hearing notice to Directors, Managing Director and Company Secretary of Fareast Islami Life Insurance Co. Ltd in connection with audited financial statements for the year ended on December 31, 2006.
In response to a DSE query, Apex Tannery has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike.