Vol. 5 Num 1055 Mon. May 21, 2007  

DSE turnover hits all time high at Tk 160.71cr

Total turnover on the Dhaka Stock Exchange (DSE) yesterday hit all time high at Tk 160.71 crore, surpassing the previous highest of Tk 159.20 crore on February 5 this year.

Market operators said turnover on the premier bourse had been rising for the last couple of days due to bigger participation of local institutional and foreign portfolio investors.

Institutional investors' participation yesterday accounted for 66 percent of the total trade, DSE sources said.

"The institutional and foreign investors are very active," said Ahmad Rashid Lali, senior vice-president of DSE.

The rising trends also prove that the market has started getting the fruits of development works done by the DSE and Securities and Exchange Commission (SEC), he said.

He also said all market players should be very careful about aggressive investment.

DSE Chief Executive Officer Dr Salahuddin Ahmed said they are closely monitoring the market transactions to check any abnormality.

The continuous upward trend also drew the retail investors to the trading floor, said a broker.

Along with turnover, the price indices also shot up led by shares of bank and power sectors. The DSE General Index jumped by 49.15 points, or 2.61 percent, finishing the day at 1927.05 points while the DSE All Share Price Index went up by 33.55 points, or 2.12 percent, ending at 1616.09 points.

Of the issues traded, 148 advanced and 30 declined with 22 remained unchanged. A total of 13,377,247 shares worth Tk 160.71 crore changed hands on the DSE.

At the end of the day, Power Grid Company of Bangladesh (PGCB) topped the turnover leaders followed by Brac Bank, Square Pharma, Southeast Bank, Summit Power, Prime Bank, Shahjalal Islami Bank, Dhaka Electric Supply Company, Pubali Bank and Exim Bank.

PGCB, the state-run power company, topped the turnover leaders with 371,650 shares worth Tk 21.77 crore.

UNB adds: Trading at Chittagong Stock Exchange (CSE) closed higher yesterday with the gainers strongly dominating the losers.

CSE All Share Price Index increased by 2.04 percent to close at 4684.74 points. The CSE-30 Index also rose by 2.74 percent to close at 4081.26 points.

A total of 99 issues were traded. Of them, 80 gained, 12 declined and seven remained unchanged. Some 3,192,212 shares worth Tk 25.77 crore changed hands.