Textile, banking issues dominate trading

Dhaka,  Sat,  22 July 2017
Published : 19 Jun 2017, 21:46:53
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Textile, banking issues dominate trading

Analysis
FE Report


The block board Monday played a vital role in featuring a turnover of above Tk 5.0 billion by the Dhaka Stock Exchange (DSE).

On the day, the key index of the premier bourse also closed marginally higher following investors' increased participation during last hour of the session.

The premier bourse Monday featured a turnover of above Tk 5.40 billion, of which 20 per cent or Tk 1.05 billion came from the transactions of shares executed in block board.

The trading of 19,532,778 shares of 21 listed companies was executed through 35 trades in block board of the premier bourse DSE.

The companies whose shares were traded in block board included BRAC Bank, Berger Paints Bangladesh, City Bank, Grameenphone, One Bank, Renata Ltd and Square Pharmaceuticals.  

The market started the session positively and witnessed sale pressure within first two hours. During the rest of the session the DSE witnessed increased participation by investors and key index closed higher.

At the end of the session, the DSE broad index DSEX closed at 5,478.82 points with a rise of 0.31 per cent or 17.18 points.

The shariah-based index DSES rose 0.13 per cent or 1.69 points to close at 1,262.27, while the blue chip index DS30 went up by 0.09 per cent or 1.86 points to close at 2,032.88.

According to International Leasing Securities, the market opened with selling spree and observed see-saw movements in the first half.

"The initial pessimism reversed in the later session as the optimistic investors showed their buying interest that ultimately rays the index into green," said the International Leasing Securities.

The major sectors played a positive role for rise in index and turnover value.

Among the major sectors which advanced, bank rose 0.5 per cent, engineering 0.6 per cent, fuel & power 0.2 per cent, pharmaceuticals & chemicals 0.2 per cent, telecommunication 0.2 per cent and textile 0.3 per cent.

Textile and banking sector contributed 20.30 per cent and 18.20 per cent in market turnover respectively.

Asia Pacific General Insurance Company topped the gainers' chart with a rise of 7.17 per cent to close at Tk 23.90, while Shyampur Sugar Mills was the worst loser after declining 6.66 per cent to close at Tk 21.

    mufazzal.fe@gmail.com
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