Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 884 Wed. November 22, 2006  
   
Business


DSE gains despite political impasse


Despite political turmoil, share prices on the Dhaka Stock Exchange (DSE), the country's premier bourse, posted significant gains yesterday, the second day of the nationwide blockade programme.

DSE Chief Executive Officer (CEO) Slahuddin Ahmed explained the upturn in trading on the capital market saying, "With the recent political development, people might be expecting a solution to the ongoing crisis... probably this has attracted them to the market again."

A total of 155 issues registered gains during the day's trading of 191 issues, while 24 marked fall and 12 remained unchanged.

The DSE All Share Price Index (DSI) rose 38.01 points or 3.02 percent to close at 1293.58 against 1255.56 points Monday.

The DSE General Index (DGEN) gained 40.33 points or 2.66 percent to finish at 1555.l92 against 1515.59 on the previous day.

The DSE-20 Index (DS20), considered blue chips, also climbed 28.71 points or 2.17 percent up to 1346.17 at the close while it was 1318.36 on the previous day.

Top 10 gainers of the market were Power Grid Company of Bangladesh Ltd, Meghna Pet Industries, Rupali Bank, Agni Sytems Ltd, Agrani Insurance Co Ltd, BDCOM Online Ltd, IFIC Bank, Islamic Finance & Investment Ltd, Mutual Trust Bank Ltd and ICB AMCL Islamic Mutual Fund.

Top 10 losers of the market after Monday's trading were Rangamati Food, National Tubes, Northern Jute, Rose Heaven Ball, Zeal Bangla Sugar, Chic Tex Ltd, Maq Paper, Fu Wang Food, 6th ICB MF and Beach Hatchery Ltd.