FE Report
Dhaka stocks closed flat in the fluctuating market Tuesday as the leading shares of the banking sector came in for the market rescue in the late hour.
The benchmark DSE General Index (DGEN) closed at 5,988.94 with a slight fall of 0.06 per cent or 4.09 points to 5,993.04, after suffering the sharpest fall in the previous session.
The market flipped between gains and losses as the benchmark index gained 40 points within the first hour and, then, plunged 80 points at noon on profit taking.
In the rest of the session, the market crawled back riding on late afternoon rally in banking shares but ended slightly lower at close.
The broader All Shares Price Index (DSI) was down by 0.05 per cent or 2.46 points to 4,927.21. The DSE 20 index comprising the blue chip shares ended at 3,337.23 with a gain of 0.38 per cent or 12.84 points.
Banking issues gained 2.06 per cent after losing 2.65 per cent in the previous session, preventing the market from falling further, dealers said.
Premier Bank was the highest gainer registering a rise of 11.79 per cent after securities regulator gave green light to the bank in issuing one rights share for four existing shares.
Al-Arafah Islami Bank came second rising 10.96 per cent, followed by First Security Bank 7.96 and Social Islami Bank 7.00 per cent.
Turnover witnessed a modest rise as it stood at Tk 19.0 billion, up by two per cent over the previous session. Seventy per cent issue prices declined as out of 247 issues traded, 69 closed positive, 171 negative and seven remained unchanged.
Pharmaceuticals, cement and engineering sectors finished slightly higher but all other major sectors, including telecommunications, traded down.
Grameenphone, the lone listed company in telecommunications sector and most weighted shares in DSE, declined 2.20 per cent to Tk 284.30.
Leasing or non-banking financial institutions sector lost 0.25 per cent, mutual funds 1.40 per cent, general insures 1.22 per cent and life insurers 0.31 per cent.
Khulna Power Company Limited (KPCL) was the top turnover leader with shares worth Tk 1.76 billion traded.
Other turnover leaders were Al Arafah Islami Bank, Social Islami Bank, Uttara Finance, Shahjalal Islami Bank and EXIM Bank.
The prominent losers included Safko Spinning, Modern Industries, Sonargaon Textile, Tallu Spinning, Legacy Footwear, Chittagong Vegetable and Modern Dyeing.
Home 
