Stock prices continue to rally for 3rd consecutive day
Tuesday, 9 October 2007
FE Report
Stock prices on the Dhaka Stock Exchange (DSE) continued to rally for the third consecutive day Monday due to mainly to gains by banking and power shares.
Market operators said investors are currently buying weighted banking and power shares to avoid risk in investment.
"As a result, all the market barometres have been maintaining upward trend over the last three days," said a chief executive officer (CEO) of a brokerage house.
Prices of at least 22 out of 27 banking shares on the DSE increased in Monday's trading.
On the day, the DSE benchmark DSE General Index (DGEN) again crossed 2700-mark.
DSE General Index (DGEN), DSE-20 Index (DS20) and All Shares Price Index (DSI) gained 26.427 points, 29.563 points and 23.338 points to close at 2762.367, 2129.176 and 2296.957 respectively.
Out of 215 traded issues, prices of 136 gained, 68 declined and 11 remained unchanged. BRAC Bank was the turnover leader with traded shares worth Tk 191.492 million followed by Desco Tk 144.780 million, Square Parma Tk 132.798 million, Summit Power Tk 127.662 million, Trust Bank Tk 121.545 million, AB Bank Tk 113.303 million, Prime Bank Tk 110.460 million, Square Textile Tk 97.841 million, UCBL Tk 85.144 million and AIMS Tk 80.793 million.
Prices of BRAC Bank gained 2.12 per cent to Tk 1417.75, Disco 3.91 per cent to Tk 1201.00, Square Parma 3.91 per cent to Tk 3552.50, Summit Power 1.46 per cent to Tk 1485.25, Trust Bank 0.47 per cent to Tk 896.00, Prime Bank 1.29 per cent to Tk 823.25, Square Textile 3.68 per cent to Tk 118.10, UCBL 2.64 per cent to Tk 5176.75 and AIMS 5.06 per cent to Tk 9.55.
AB Bank declined 1.11 per cent to Tk 3162.50.
Stock prices on the Dhaka Stock Exchange (DSE) continued to rally for the third consecutive day Monday due to mainly to gains by banking and power shares.
Market operators said investors are currently buying weighted banking and power shares to avoid risk in investment.
"As a result, all the market barometres have been maintaining upward trend over the last three days," said a chief executive officer (CEO) of a brokerage house.
Prices of at least 22 out of 27 banking shares on the DSE increased in Monday's trading.
On the day, the DSE benchmark DSE General Index (DGEN) again crossed 2700-mark.
DSE General Index (DGEN), DSE-20 Index (DS20) and All Shares Price Index (DSI) gained 26.427 points, 29.563 points and 23.338 points to close at 2762.367, 2129.176 and 2296.957 respectively.
Out of 215 traded issues, prices of 136 gained, 68 declined and 11 remained unchanged. BRAC Bank was the turnover leader with traded shares worth Tk 191.492 million followed by Desco Tk 144.780 million, Square Parma Tk 132.798 million, Summit Power Tk 127.662 million, Trust Bank Tk 121.545 million, AB Bank Tk 113.303 million, Prime Bank Tk 110.460 million, Square Textile Tk 97.841 million, UCBL Tk 85.144 million and AIMS Tk 80.793 million.
Prices of BRAC Bank gained 2.12 per cent to Tk 1417.75, Disco 3.91 per cent to Tk 1201.00, Square Parma 3.91 per cent to Tk 3552.50, Summit Power 1.46 per cent to Tk 1485.25, Trust Bank 0.47 per cent to Tk 896.00, Prime Bank 1.29 per cent to Tk 823.25, Square Textile 3.68 per cent to Tk 118.10, UCBL 2.64 per cent to Tk 5176.75 and AIMS 5.06 per cent to Tk 9.55.
AB Bank declined 1.11 per cent to Tk 3162.50.