DSE stocks mixed after four days of rally
Wednesday, 14 November 2007
FE Report
Stock prices on the Dhaka Stock Exchange (DSE) remained mixed Tuesday on thin trading and profit taking by the investors after four days of rally.
Market operators said the prices of shares on the DSE began to decline as the investors resorted to profit taking after the buying spree over the last few days.
Currently, the market is buoyant as the investors are expecting lucrative disclosures by companies before the end of the calendar year.
The market operators said the stock market will remain vibrant as they are bent upon raising investment before the customary disclosure of price sensitive information at the end of the year.
The DSE-20 Index (DS20) and the DSE General Index (DGEN) gained 28.214 points and 0.270 points to close at 2322.030 and 2960.513 respectively on the day. But the All Shares Price Index (DSI) declined marginally 1.451 points to close at 2503.816.
The total turnover rose to Tk 2.494 billion (249.4 crore) from its previous Tk 2.337 billion. The total market capitalisation marginally declined to Tk 716.036 billion from the previous Tk 716.256 billion.
Out of 225 issues traded, prices of 102 gained, 101 declined and 22 remained unchanged.
BRAC Bank maintained its position as the top turnover leader with shares worth Tk 229.497 million traded, followed by Power Grid with Tk 143.265 million, Islami Bank with Tk 116.999 million, Trust Bank with Tk 114.817 million, UCBL with Tk 96.807 million, Standard Bank with Tk 95.343 million, AB Bank with Tk 92.592 million, Summit Power with Tk 74.131 million, Square Pharma with Tk 70.905 million and EBL with Tk 68.342 million.
But prices of BRAC Bank shares declined 1.40 per cent to Tk 1616.75 each, Power Grid declined 1.09 per cent to Tk 630.50, AB Bank 3.06 per cent to Tk 2763.25 and Summit Power 0.08 per cent to Tk 1545.50.
Stock prices on the Dhaka Stock Exchange (DSE) remained mixed Tuesday on thin trading and profit taking by the investors after four days of rally.
Market operators said the prices of shares on the DSE began to decline as the investors resorted to profit taking after the buying spree over the last few days.
Currently, the market is buoyant as the investors are expecting lucrative disclosures by companies before the end of the calendar year.
The market operators said the stock market will remain vibrant as they are bent upon raising investment before the customary disclosure of price sensitive information at the end of the year.
The DSE-20 Index (DS20) and the DSE General Index (DGEN) gained 28.214 points and 0.270 points to close at 2322.030 and 2960.513 respectively on the day. But the All Shares Price Index (DSI) declined marginally 1.451 points to close at 2503.816.
The total turnover rose to Tk 2.494 billion (249.4 crore) from its previous Tk 2.337 billion. The total market capitalisation marginally declined to Tk 716.036 billion from the previous Tk 716.256 billion.
Out of 225 issues traded, prices of 102 gained, 101 declined and 22 remained unchanged.
BRAC Bank maintained its position as the top turnover leader with shares worth Tk 229.497 million traded, followed by Power Grid with Tk 143.265 million, Islami Bank with Tk 116.999 million, Trust Bank with Tk 114.817 million, UCBL with Tk 96.807 million, Standard Bank with Tk 95.343 million, AB Bank with Tk 92.592 million, Summit Power with Tk 74.131 million, Square Pharma with Tk 70.905 million and EBL with Tk 68.342 million.
But prices of BRAC Bank shares declined 1.40 per cent to Tk 1616.75 each, Power Grid declined 1.09 per cent to Tk 630.50, AB Bank 3.06 per cent to Tk 2763.25 and Summit Power 0.08 per cent to Tk 1545.50.