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Stocks close almost flat PDF Print E-mail
Tuesday, 08 July 2008


Dhaka stocks ended nearly flat Sunday, influenced by heavy buying in midday trade and heavy sell-offs towards the close.

Increased investor participation, which led turnover to cross the Tk 3 billion mark, marked the opening day of the week.
An official of brokerage house Latif Securities said trading perked up Sunday after days of a gloomy trend.
"The first half of the day saw heavy buying while selling dominated the end of trading," the official told
Analysts said the day witnessed a rational trading with a subdued mood.
"Although the general and all-share index remained almost flat but blue chips rose in a good sign that investors are being choosy," said Yaweer Sayeed, CEO of an asset management company.
Trade was quite rational with investors betting on market majors but it was a bit subdued towards the end, added Sayeed of AIMS of Bangladesh.
DSE chief executive Salahuddin Ahmed echoed Sayeed. "Investors are getting matured which has been reflected in the blue chip index."
The benchmark DGEN or general index remained in a positive territory until the midday session. It maintained a downward curve afterwards to edge up 1.15 points or .03 percent to finish at 3020.30.
The DSI or all-share price index slipped 2.38 points or 0.09 percent, closing at 2585.61. The blue-chip DSE-20 finished at 2598.20, gaining 33.79 points or 1.31 percent.
Turnover on the country's prime bourse stood at Tk 3.12 billion—from 19,232,521 shares changing hands.
Of the traded issues, 105 gained, 104 lost and 13 held steady.
ACI topped the turnover board, closing 11.70 percent higher at Tk 383.60. Square Pharmaceuticals ended on Tk 5302.50, down by 2.01 percent.
Lanka Bangla Finance advanced 4.18 percent to Tk 226.80. Beximco finished at Tk 96.40, rising 17.13 percent from last week's closing price. AIMS 1st Mutual Fund also gained 3.22 percent to Tk 16.01.
The other scrips on the turnover board—Beximco Pharma, Fareast Islami Life Insurance, Keya Cosmetics, Prime Finance and Investments and NBL—also rose.
Indices on the Chittagong Stock Exchange ended mixed.
The CSCX or selective categories index shed 6.37 points or 0.10 percent to end on 5897.74. The CASI or all-share price index closed at 9107.46, down 4.76 points or 0.05 percent.
The CSE-30 blue-chip advanced 17.11 points or 0.20 percent to 8201.34.
Turnover on the port city bourse amounted to Tk 433.88 million from trading of 4,618,921 shares.

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