Stocks' rally on DSE continues
Monday, 10 September 2007
FE Report
Stock prices on the Dhaka Stock Exchange (DSE) rallied for the consecutive 9th day Sunday amid a hefty turnover due to buying support from investors' end.
Banks, insurance and power issues led the rally when the benchmark DSE General Index or DGEN was very close to cross 2600-mark, a new milestone.
DGEN gained 45.77 points at 2599.69 while two other indices, DS 20 and DSI gained 24.07 points and 32.14 points at 2080.50 and 2159.26 respectively.
Most of banking sector issues and Summit Power and Power Grid marked rises amid the investors' optimism on better yields.
Sunday's turnover rose to Tk 1.88 billion against Tk 1.670 billion of Thursday, the last trading day.
Niloy Cement gained 22.01 per cent at Tk 148.25 per share against the face value of Tk 100 on the news that 'Niloy Cement Clinkerization Industries Ltd' begins clinker manufacturing at its factory at Baniargati in Jessore district Sunday.
The factory with an investment of Tk 200 million will annually produce 70,000 metric tonnes clinker, first of its kind in the country's private sector.
Meanwhile, share trading of two non-banking financial institutions (NBFIs)- Bangladesh Finance and Investment Co Ltd and International Leasing- begin on both the stock exchanges tomorrow (September 11) and September 16 respectively.
A DSE board meeting held Thursday last fixed the dates.
Bangladesh Finance and International Leasing will be the 14th and 15th listed NBFIs on the Dhaka Stock Exchange and Chittagong Stock Exchange.
The already listed NBFIs are IDLC, United Leasing, Uttara Finance, MIDAS Financing, First Lease International, People's Leasing, Prime Finance and Investment, Premier Leasing, Islamic Finance and Investment, LankaBangla Finance, Bangladesh Industrial Finance, IPDC and Union Capital.
Stock prices on the Dhaka Stock Exchange (DSE) rallied for the consecutive 9th day Sunday amid a hefty turnover due to buying support from investors' end.
Banks, insurance and power issues led the rally when the benchmark DSE General Index or DGEN was very close to cross 2600-mark, a new milestone.
DGEN gained 45.77 points at 2599.69 while two other indices, DS 20 and DSI gained 24.07 points and 32.14 points at 2080.50 and 2159.26 respectively.
Most of banking sector issues and Summit Power and Power Grid marked rises amid the investors' optimism on better yields.
Sunday's turnover rose to Tk 1.88 billion against Tk 1.670 billion of Thursday, the last trading day.
Niloy Cement gained 22.01 per cent at Tk 148.25 per share against the face value of Tk 100 on the news that 'Niloy Cement Clinkerization Industries Ltd' begins clinker manufacturing at its factory at Baniargati in Jessore district Sunday.
The factory with an investment of Tk 200 million will annually produce 70,000 metric tonnes clinker, first of its kind in the country's private sector.
Meanwhile, share trading of two non-banking financial institutions (NBFIs)- Bangladesh Finance and Investment Co Ltd and International Leasing- begin on both the stock exchanges tomorrow (September 11) and September 16 respectively.
A DSE board meeting held Thursday last fixed the dates.
Bangladesh Finance and International Leasing will be the 14th and 15th listed NBFIs on the Dhaka Stock Exchange and Chittagong Stock Exchange.
The already listed NBFIs are IDLC, United Leasing, Uttara Finance, MIDAS Financing, First Lease International, People's Leasing, Prime Finance and Investment, Premier Leasing, Islamic Finance and Investment, LankaBangla Finance, Bangladesh Industrial Finance, IPDC and Union Capital.