Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 1092 Wed. June 27, 2007  
   
Business


DSE turnover hits all time high at Tk 234.44cr


The Dhaka bourse yesterday set another milestone as its turnover hit an all time high at Tk 234.44 crore with a huge number of National Bank shares worth Tk 32.8 crore changing hands in the block market.

The previous highest turnover on the Dhaka Stock Exchange (DSE) was Tk 206.79 crore on June 4.

A total of 400,000 shares of National Bank were traded at Tk 820 each through only two deals on the block market of the premier bourse. Foreign investors bought the shares.

Market operators have attributed the all time high turnover to big investments by institutional and foreign investors.

The institutional investors account for 68 percent and foreign investors 20 percent of the total turnover on the DSE yesterday, said Ahmad Rashid Lali, senior vice-president of DSE.

Lali said: "The daily average turnover last month was Tk 126 crore and the average turnover this month reaches Tk 155 crore. It means the market is growing gradually."

He said now the market needs more supply of securities to avoid any overpricing situation.

Along with turnover, market capitalisation also stood at all time high at Tk 47,724 crore, surpassing the previous high of Tk 47,046 crore on Monday.

The price indices also rose on the DSE led by shares of power, bank and cement sectors. The benchmark DSE General Index increased by 20.34 points, or 0.95 percent, to close at 2149.26 points while the DSE All Share Price Index rose by 26.15 points, or 1.

99 percent, to finish at 1770.36 points.

Of the issues traded, 106 advanced and 78 declined with 25 unchanged. A total of 12,617,774 shares changed hands.

At the end of the day, Power Grid Company of Bangladesh (PGCB) topped the turnover leaders followed by Dhaka Electric Supply Company, Brac Bank, Heidelberg Cement, Southeast Bank, Pubali Bank, National Bank, Shahajalal Bank, Exim Bank and Prime Bank.

PGCB, the state-run power company, topped the turnover leaders with 298,350 shares worth Tk 17.53 crore.

On the Chittagong Stock Exchange (CSE), all the price indices rose. The CSE Selective Categories Index increased by 39.05 points, or 1.13 percent, ending the day at 3488.79 points while the CSE All Share Price Index rose by 84.59 points, or 1.64 percent, closing the day at 5226.9 points.

A total of 3,345,650 shares worth Tk 45.48 crore changed hands on the CSE. Of the issues traded, 57 advanced, 33 declined and 11 remained unchanged.

At the end of the day, Rupali Bank topped the turnover leaders with 25,450 shares worth Tk 4.48 crore. The other turnover leaders were Shahajalal Bank, Premier Bank, PGCB, Heidelberg Cement, Brac Bank, Prime Bank, Exim Bank and Southeast Bank.