• Wednesday, September 24, 2014

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Dhaka Stock Exchange

Bangladesh's apex group emerges as shoemaker to world

Bangladesh's apex group emerges as shoemaker to world

To see a different face of Bangladesh manufacturing, a country that has earned notoriety with its ready-made garment plants, one drives 25 miles north of Dhaka city to Gazipur district. Amid a predominantly industrial enclave of garment makers is a 24-acre site where 5,500 workers, mostly women, are busy stitching not clothes but...

Stocks return to black after three days in red

Stocks broke a three-day losing streak to return to the black yesterday, riding on investors' buying into large-cap firms. DSEX, the benchmark general index of the Dhaka Stock Exchange, gained 23 points or 0.52 percent, to close at 4,564. The shariah index of the Dhaka bourse, closed at 1,063 points after gaining 2.87 points or 0.27 percent. Recent momentum in multinational companies and fast-moving consumer goods continued to support markets following the uptrend witnessed throughout much of the past two weeks, said...

DSE halts trade of Shahjibazar for unusual price hike

DSE halts trade of Shahjibazar for unusual price hike

The Dhaka Stock Exchange management yesterday suspended trading of Shahjibazar Power Company shares indefinitely owing to unusual price hike of the newly-listed firm. “Pursuant to BSEC's investigation and recent unusual price movement of the company, the DSE, in the greater interest of investors and the capital market, has decided to suspend the trading of Shahjibazar Power with effect from today [yesterday] until further decision,” the bourse said in a web posting. The premier bourse also enquired the power generation company if there was any undisclosed price-sensitive information behind the unusual hike since the listing on July 15, to which the company answered in the negative. Earlier on July 31, the Bangladesh Securities...

Turnover hits six-month high

Turnover hits six-month high

Turnover on the Dhaka Stock Exchange hit a six-month high yesterday with the stocks ending in black for the fifth consecutive session, implying an increased interest in buying. Turnover, the most important indicator of the market, advanced almost 30 percent to Tk 763.90 crore, also crossing the Tk 700 crore level for the first...

Stocks end positive on better half-yearly data

Stocks closed positive for the second week as better than expected half-yearly earnings declarations lure investors to pour money in the market. Week-on-week, DSEX, the key index of the Dhaka Stock Exchange, ended the day at 4,427.16 points, after gaining 35 points or 0.80 percent. It was the last trading week on the premier bourse before a nine-day Eid vacation. LankaBangla Securities said: “The market seems to be getting back some sort of momentum helped by good corporate earnings of listed...

DSE restructures two price indices

The Dhaka Stock Exchange yesterday restructured two price indices and added one company to the benchmark index, DSEX. The premier bourse reconstituted the indices in accordance with DSE Bangladesh Index Methodology, which was designed by S&P Dow Jones Indices, a global leader in providing investable and benchmark indices to the financial markets. The methodology is also being supervised by an indices committee of the DSE. One company, Matin Spinning Mills, has met all criteria of quarterly IPO addition and qualified as...

FAR Chemicals set for controversial stock debut

FAR Chemicals Industries is set to make a controversial debut on the stock market today, after the company masked market-sensitive information about its directors in the IPO prospectus -- a violation of security rules. Neither Bangladesh Securities and Exchange Commission, nor the Dhaka Stock Exchange made any attempt to block the debut. Earlier in 2012, the stock market regulator filed criminal cases against two of its directors for their involvement in forgery of rights issue of FAR Chemicals' associated firm RN...

Stocks end red for fifth day

Stocks declined for the fifth day yesterday as investors sold off shares amid relentless downtrend in the market. DSEX, the benchmark general index of the Dhaka Stock Exchange, fell 34.38 points or 0.77 percent, to close at 4,376.77. The shariah index of the premier bourse, DSES, fell 5.77 points or 0.58 percent, to close at 992. Apparently, expectations on pending monetary policy statement and year-end declarations due in June could not create any noticeable stir in the market, said IDLC Investments. Besides, recent...

Weekly Review

Stocks post a rise despite nervy trade

Stocks gained last week, the first of the new fiscal year, as investors sold shares to pocket profits. DSEX, the prime index of Dhaka Stock Exchange, went up 26.78 points or 0.61 percent, to close at 4,436.21. The week featured four trading sessions instead of five as trading was suspended for bank holiday on Tuesday. Finance Bill 2014 and National Budget 2014-15 were duly passed last week, leaving a bundle of opportunities for capital market, and especially for investors, said IDLC...

Stocks continue to sulk over capital gains tax

Stocks ended flat yesterday, with turnover, one of the most important indicators of the market, dropping to a four-week low as investors shied away from placing fresh bids. At the close of trading, turnover stood at Tk 223 crore, down 16.31 percent from the previous day. DSEX, the prime index of Dhaka Stock Exchange, ended at 4,322.26 points, shedding 6.14 points or 0.14 percent. The volatility of the market started after the government proposed capital gains tax on share sales in the...

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