Stocks bounce back after three days of fall
Friday, 26 October 2007
FE Report
Stock prices on the Dhaka Stock Exchange (DSE) Thursday bounced back after three days of fall due to profit-taking by investors.
Market operators said prices of shares mainly gained on the day when the investors came with huge fund after selling their shares over the last three days.
They said there had been bargain hunting by investors who found many issues, mainly banking shares, lucrative for investment after their price fall in the past few sessions.
As a result all the indices as well as turnover and market capitalisation increased.
DSE General Index (DGEN), DSE-20 Index (DS20) and All Shares Price Index (DSI) gained 45.482 points, 50.037 points and 42.977 points to close at 2901.993, 2231.134 and 2470.791 respectively.
The total turnover rose to Tk 2.277 billion from its previous Tk 2.216 billion. The total market capitalisation also increased to Tk 707.942 billion from its previous Tk 688.116 billion.
Out of 223 traded issues prices of 154 gained, 52 declined and 17 remained unchanged.
Trust Bank maintained its position as the turnover leader with shares worth Tk 149.883 million trading, followed by Desco Tk 148.408 million, Summit Power Tk 103.936 million, BRAC Bank Tk 100.969 million, Beximco Pharma Tk 89.231 million, Social Investment Bank Tk 76.053 million, Power Grid Tk 74.936 million, Grameen One Tk 66.055 million, AIMS Tk 63.894 million and Rupali Bank Tk 53.830 million.
Prices of Trust Bank gained 3.13 per cent to Tk 1166.25, Desco 4.04 per cent to Tk 1381.00, BRAC Bank 1.01 per cent to Tk 1523.00, Beximco Pharma 9.90 per cent to Tk 69.90, Social Investment Bank 6.11 per cent to Tk 451.50, Power Grid 1.10 per cent to Tk 616.50, Grameen One 6.60 per cent to Tk 83.90, AIMS 4.31 per cent to Tk 8.94 and Rupali Bank 3.74 per cent to Tk 3003.75.
Prices of Beximco, Beximco Synthetic, ICB Islami Mutual Fund, Prime Textile, Paramount Insurance and Pragati Life Insurance increased over 10 per cent.
Stock prices on the Dhaka Stock Exchange (DSE) Thursday bounced back after three days of fall due to profit-taking by investors.
Market operators said prices of shares mainly gained on the day when the investors came with huge fund after selling their shares over the last three days.
They said there had been bargain hunting by investors who found many issues, mainly banking shares, lucrative for investment after their price fall in the past few sessions.
As a result all the indices as well as turnover and market capitalisation increased.
DSE General Index (DGEN), DSE-20 Index (DS20) and All Shares Price Index (DSI) gained 45.482 points, 50.037 points and 42.977 points to close at 2901.993, 2231.134 and 2470.791 respectively.
The total turnover rose to Tk 2.277 billion from its previous Tk 2.216 billion. The total market capitalisation also increased to Tk 707.942 billion from its previous Tk 688.116 billion.
Out of 223 traded issues prices of 154 gained, 52 declined and 17 remained unchanged.
Trust Bank maintained its position as the turnover leader with shares worth Tk 149.883 million trading, followed by Desco Tk 148.408 million, Summit Power Tk 103.936 million, BRAC Bank Tk 100.969 million, Beximco Pharma Tk 89.231 million, Social Investment Bank Tk 76.053 million, Power Grid Tk 74.936 million, Grameen One Tk 66.055 million, AIMS Tk 63.894 million and Rupali Bank Tk 53.830 million.
Prices of Trust Bank gained 3.13 per cent to Tk 1166.25, Desco 4.04 per cent to Tk 1381.00, BRAC Bank 1.01 per cent to Tk 1523.00, Beximco Pharma 9.90 per cent to Tk 69.90, Social Investment Bank 6.11 per cent to Tk 451.50, Power Grid 1.10 per cent to Tk 616.50, Grameen One 6.60 per cent to Tk 83.90, AIMS 4.31 per cent to Tk 8.94 and Rupali Bank 3.74 per cent to Tk 3003.75.
Prices of Beximco, Beximco Synthetic, ICB Islami Mutual Fund, Prime Textile, Paramount Insurance and Pragati Life Insurance increased over 10 per cent.