• Where did the power go?
  • A pointer on govt’s apathy to environment protection
  • Causes and consequences of violence against women
  • Thieves – past and present
  • Role of recruitment and placement services
  • Nochhimoner Pala staged
  • Indian troupe stages Shapmochan
  • UN team visits Syria’s battered Baba Amr
  • China military warns of confrontation over seas
  • Low price of paddy frustrates farmers
  • Anamul misses double but Khulna stroll
  • Dhaka stocks bull-run stretches to sixth week despite late hiccups
  • BCB keen on series against SA in May
  • Experts ask govt to move international court
  • JU medical centre vandalised
  • One burnt to death, 9 vehicles set ablaze in city
  • Automatic adjustment formula by December
  • Commission formed to look into GB sister concerns’ status
  • 3 categories of licence set for petrol pump owners
  • NHRC chair demands probe
  • 40 developing nations set new course for WaSH
HOME  BUSINESS
  
Print Friendly and PDF

Dhaka stocks bull-run stretches to sixth week despite late hiccups

Staff Correspondent

Dhaka stocks finished up, though marginally, last week gaining for six weeks in a row as late sell-offs on fears of political unrest trimmed down gains in the share prices early in the week.
DEGN, the benchmark general index of Dhaka Stock Exchange, gained 0.45 per cent, or 23.92 points, to close the week at 5,367.52 points.
The average daily turnover in the week also increased by 20.80 per cent to Tk 1,021.40 crore from that of Tk 845.53 crore in the week before.
Of 276 issues traded last week, 89 advanced, 174 declined, and 13 remained unchanged.
Market operators said investors became shaky later in the week because of tensions on the political front.
The Bangladesh Nationalist Party on Wednesday called a nationwide general strike for Sunday (today).
Market insiders said anticipations over the outcome of the writ petition filed against the Securities an Exchange Commission rule on mandatory shareholding for the directors of listed companies also made investors nervous.
On April 8, the High Court asked the concerned parties to explain justification of the rule in four weeks following a writ petition filed by an applicant for the directorship of NCC Bank.
‘Investors seemed sceptical as the political front is getting heated up again,’ said a DSE stockbroker. 
Non-bank financial institutions sector was the top gaining sector last week with a 10.72-per cent increase.
Among the other major sectors, banks gained 1.97 per cent and pharmaceuticals 0.87 per cent.
Fuel and power lost 5.53 per cent after a sharp gain in the previous few weeks. Telecommunications sector lost 1.25 per cent.
Padma Life Insurance and GPH Ispat made their debuts at the DSE Wednesday and Thursday respectively.
Share price of Padma Life Insurance closed at Tk 154.20 on Thursday from its offer price of Tk 10 while that of GPH Ispat closed at Tk 72.90 from its offer price of Tk 30.
Grameenphone topped the turnover leaders’ list with its shares worth Tk 221.13 crore changing hands in the week.
The other turnover leaders were Meghna Petroleum, Jamuna Oil, Beximco, Titas Gas, Lafarge Surma Cement, Beximco Pharmaceuticals, LankaBangla Finance, MI Cement and Aftab Automobiles.
The market started the week with a gain of 120.56 points on Sunday but fell by 46.24 points on Monday.
On Tuesday, the DGEN again went up by 84.37 points but declined by 22.11 points on Wednesday.
The index lost 112.65 points on Thursday.



Reader’s Comment

comments powered by Disqus
   
    Sunday, April 22, 2012

Online Poll


Do you agree with the US ambassador in Dhaka, Dan Mozena, that ‘Bangladeshis don’t need America, UN or anybody else from outside to settle’ the present political crisis?

  • Yes
  • No
  • No comment
Ajax Loader

Archives

Select MonthYear

May 2013

SunMonTueWedThuFri Sat
01020304
05060708091011
12131415161718
19202122232425
262728293031