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Dhaka-Ottawa-DC
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Discussion Starter · #1 ·
DSE market cap rises to Tk 42,024 crore
Stocks gain on sixth consecutive day


Market capitalisation at the Dhaka Stock Exchange on Wednesday rose to its all-time high at Tk 42,024 crore from the previous day’s Tk 41,700 crore due to increased participation of the local and foreign investors.

On May 3, the market indicator crossed Tk 40,000 crore marks for the first time on the bourse.

A stock broker said market retained gains due to the increased participation of local and foreign investors.

Stock market analysts said the recently concluded international investors’ meet raised the expectation of foreign investors in the country’s stock market at a new level.

Dhaka stocks gained on Wednesday for the sixth consecutive day on the buying spree from the investors amid expectation for bigger participation by the foreign investors.

The general index of DSE gained 14.89 points or 0.81 per cent to close at 1857.80, while the blue chips index, DSE20, advanced by 13.56 points or 0.90per cent to close at 1522.90.

Most of the securities finished up on Wednesday. Of the total 212 listed issues traded on the DSE floor, 124 advanced, 60 declined and 28 remained unchanged.

Turnover on the DSE, however, went down marginally to Tk 124.03 crore from the Tuesday’s Tk 129.71 crore.

The Power Grid Company Bangladesh topped the turnover leaders with a total sale of Tk 16.50 crore while BRAC Bank was the second biggest turnover leader with Tk 11.28 crore.

Other turnover leaders were Prime Bank, Southeast Bank, UCBL, Exim Bank, Square Pharmaceuticals, Dhaka Electric Supply Company, Summit Power and Heidelberg Cement.

http://www.newagebd.com/busi.html
 

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Dhaka-Ottawa-DC
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Discussion Starter · #2 ·
Foreign investment up on stock market

Foreign investment at the country’s stock market has increased significantly in the current fiscal compared to the previous fiscal.

‘Foreign trade turnover at the Dhaka Stock Exchange has reached to around Tk 520 crore in the first 10-month of the current fiscal while it was Tk 86 crore in the previous fiscal,’ said Salahuddin Ahmed Khan, chief executive officer of the DSE, on Thursday.

Bangladesh Bank statistics shows the country’s capital market received 42 million dollars portfolio investment from the foreign investors in the July-February period of current fiscal year while it was 16 million dollars in the same period of the previous fiscal year.

The DSE chief executive said foreign investors showed increased interest to the country’s stock market as it attained significant infra-structural development over the years and a number of quality issues were enlisted in the stock market.

‘We, however, encourage long-term foreign investors to put funds in the country’s stock market as the short-term investors may pose risk to the stock market with their sudden exits,’ he said.

‘We will encourage the long-term foreign investors through organising programmes at home and abroad,’ he said adding that ‘to get a vibrant capital market, foreign investment is required.’

‘We are also working to bring the non-resident Bangaladeshis to the stock trading,’ he said.

Referring to the recently concluded Dhaka international investors’ conference, Salahuddin said the meet would bring more foreign portfolio investment in future.

DSE, Chittagong Stock Exchange and Citigroup jointly organised the conference which showcased the opportunities in Bangladesh’s capital market to the global fund managers.

Salahuddin, however, said settlement system of the foreign portfolio investment should be simplified to woo more foreign investment in the stock market.

http://www.newagebd.com/busi.html
 

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Dhaka-Ottawa-DC
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Discussion Starter · #3 ·
DSE turnover hits all time high at Tk 160.71cr

Total turnover on the Dhaka Stock Exchange (DSE) yesterday hit all time high at Tk 160.71 crore, surpassing the previous highest of Tk 159.20 crore on February 5 this year.

Market operators said turnover on the premier bourse had been rising for the last couple of days due to bigger participation of local institutional and foreign portfolio investors.

Institutional investors' participation yesterday accounted for 66 percent of the total trade, DSE sources said.

"The institutional and foreign investors are very active," said Ahmad Rashid Lali, senior vice-president of DSE.

The rising trends also prove that the market has started getting the fruits of development works done by the DSE and Securities and Exchange Commission (SEC), he said.

He also said all market players should be very careful about aggressive investment.

DSE Chief Executive Officer Dr Salahuddin Ahmed said they are closely monitoring the market transactions to check any abnormality.

The continuous upward trend also drew the retail investors to the trading floor, said a broker.

Along with turnover, the price indices also shot up led by shares of bank and power sectors. The DSE General Index jumped by 49.15 points, or 2.61 percent, finishing the day at 1927.05 points while the DSE All Share Price Index went up by 33.55 points, or 2.12 percent, ending at 1616.09 points.

Of the issues traded, 148 advanced and 30 declined with 22 remained unchanged. A total of 13,377,247 shares worth Tk 160.71 crore changed hands on the DSE.

At the end of the day, Power Grid Company of Bangladesh (PGCB) topped the turnover leaders followed by Brac Bank, Square Pharma, Southeast Bank, Summit Power, Prime Bank, Shahjalal Islami Bank, Dhaka Electric Supply Company, Pubali Bank and Exim Bank.

PGCB, the state-run power company, topped the turnover leaders with 371,650 shares worth Tk 21.77 crore.

UNB adds: Trading at Chittagong Stock Exchange (CSE) closed higher yesterday with the gainers strongly dominating the losers.

CSE All Share Price Index increased by 2.04 percent to close at 4684.74 points. The CSE-30 Index also rose by 2.74 percent to close at 4081.26 points.

A total of 99 issues were traded. Of them, 80 gained, 12 declined and seven remained unchanged. Some 3,192,212 shares worth Tk 25.77 crore changed hands.

http://www.thedailystar.net/2007/05/21/d70521050153.htm
 

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Dhaka-Ottawa-DC
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Discussion Starter · #4 ·
weekly stock market
DSE stocks continue to surge


Stock prices continued to surge on the Dhaka Stock Exchange (DSE) in the week ended Thursday amid robust turnover and market capitalization as lower interest rates against deposits in banks and saving instruments have encouraged the investors to go to stock market in the recent days, a DSE source said.

"Since the banking sector is not offering attractive rates due to huge excess liquidity, investors thronged the stock market to get a better return," the source pointed out.

The daily average turnover of DSE further rose by 22.24 per cent to Tk 1.442 billion (144.2 crore) from Tk 1.179 billion.

The total market capitalisation stood at Tk 429.282 billion, up from Tk 423.074 billion of the previous week.

Market operators said the market witnessed a positive mood with a fresh buying spree and enhanced participation of institutional, retail and portfolio investors.

"Institutions have been very active in recent days and they are buying blue-chip issues," a DSE source said.

As a result, the DSE 20, the index of blue-chip companies hopped by 135.81 points in the week to close at 1671.71.

The other two indices, DSE General Index (DGEN) and All Share Price Index (DSI) gained 38.95 points and 30.25 points respectively.

The DGEN and DSI closed at 1916.85 and 1612.79 respectively.

Market operators said the institutional investors' loan facilities for general investors in recent days also helped the market get a big boost.

"All the top institutions like AB Bank, IDLC, Prime Finance and Dhaka Bank have attracted a lot of investors through disbursing loans to buy shares in recent days and it gave a very good signal to the market," a DSE source said.

Apart from loan facilities, the institutions are also buying shares of banks, power and other sector issues considering the better profit margins.

BRAC Bank and Power Grid were the first and second turnover leaders with Tk 858.98 million and Tk 856.74 million accounting for 11.91 per cent and 11.88 per cent respectively of the total trading.

Southeast Bank, Prime Bank, Square Pharmaceuticals, Summit Power, Shahjalal Islami Bank, HeidelbergCement, DESCO and Exim Bank were the other top turnover leaders.

Prime Bank, Sandhani Life Insurance and Square Pharma were the top three gainer companies in the week with 23.90 per cent, 16.91 per cent and 12.80 per cent rises.

Square Pharma emerged the investors' choice when the company obtained accreditation from London-based Medicines and Healthcare Products Regulatory Agency (MHRA) to export the company's products to the UK market.

Out of 273 issues, 89 gained, 124 declined, 26 remained unchanged and 34 remained non-traded.

The week witnessed the debut trading of Golden Son, a relocated Taiwanese company in Bangladesh that manufactures non-electrical cooker, hotpot and food warmer.

The Chittagong-based company floated 6 million shares of Tk 10 each and the subscription ended March 8 last.

Shares of the company closed at Tk 16.70 each Thursday on the DSE.

Meanwhile, the debut share trading of Premier Bank Ltd begins on both the bourses of the country tomorrow (Sunday).

Premier Bank is the 28th listed bank in the country's stock market.

With the latest entry, now only one bank -- First Security Bank -- remains out of the stock market.

The First Security Bank, however, has begun the process to go public by the end of this year.

Meanwhile, the Trust Bank will go public and subscription of the bank begins on July 15.

Premier Bank issued 8,449,950 shares with the face value of Tk 100 each.

It was oversubscribed by 6.36 times during the subscription period between March 18 to March 31 last.

Two other banks -- Shahjalal Islami Bank and BRAC Bank -- also obtained their stock market listing in recent months.

http://www.financialexpress-bd.com/index3.asp?cnd=5/26/2007&section_id=1&newsid=62210&spcl=no
 

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Khulna investors now under CSE network

As part of its nationwide expansion programme, Chittagong Stock Exchange (CSE) yesterday launched its online trading facilities in Khulna through its broker branch office ICB Securities Trading Company.

At the inaugural function, Chief Executive Officer of ICB Securities Kamrul Islam Asad said residents in Khulna will be able to invest in stock market, according to a CSE press release.


AB Siddique, chief executive officer of CSE, said Khulna has been connected with CSE network through digital data network under wide area network facility.

http://www.thedailystar.net/2007/05/29/d70529050765.htm
 

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Dhaka-Ottawa-DC
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Discussion Starter · #6 ·
DSE General Index crosses 2000 points
Market capitalisation hits all time high at Tk 44,088cr


With the Dhaka bourse witnessing bullish trend for the last one month, the DSE General Index yesterday crossed 2000 points for the first time, closing the day at 2003.58 points, up by 47.18 points, or 2.41 percent.

Market operators said rallying of shares in bank, power and pharmaceutical companies with occasional falls last month helped the general index cross 2000 points.

"Bigger participation of institutional and foreign investors is the main reason behind bullish trend in the market," said Ahmad Rashid Lali, senior vice-president of DSE.

He said institutional investors' participation in recent days accounted for around 65 percent of the total trade.

Earlier, the benchmark index reached highest 1999.71 points on January 1, 2005, according to the Dhaka Stock Exchange (DSE).

The DSE authorities introduced the index on November 27, 2001 with a base of 817.62 points. The index, which excludes companies of 'Z' category, is calculated on the basis of price movement of individual stocks under 'A', 'B', 'G' and 'N' categories.

Previously, there was only one index that included all securities of the stock exchange. Starting with a base of 350 points, the index rose as high as 3648.75 points on November 5, 1996 when the market witnessed a 'bubble and bust'.

The DSE All Share Price Index was reintroduced on March 28, 2005 and the DSE-20 was introduced on January 1, 2001.

DSE market capitalisation also rose to its all time high at Tk 44,088 crore yesterday. Earlier on May 27, the market capitalisation hit Tk 43,486 crore. On May 3, the market indicator crossed Tk 40,000 crore mark for the first time in the history of the country's stock market.

According to Bangladesh Bank statistics, during July-March period of the current fiscal year the portfolio investment in the country's stock market increased 212 percent to US$50 million, compared to $16 million during the same period a year earlier.

The senior vice-president of the DSE however urged the investors not to invest on the basis of rumours.

He also said the DSE is closely monitoring the market transactions to check any abnormality.

The DSE All Share Price Index went up by 36.76 points, or 2.26 percent, to close at 1658.36 points.

The total turnover on the premier bourse stood at Tk 170.18 crore while most of the issues gained. Of the issues traded, 123 advanced, 46 declined and 20 remained unchanged. A total of 9,861,043 shares changed hands on the DSE.

http://www.thedailystar.net/2007/06/01/d70601050154.htm
 

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Dhaka-Ottawa-DC
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Discussion Starter · #7 ·
Countrywide DSE activities soon

President of Dhaka Stock Exchange (DSE) Md Abdullah Bokhari yesterday said DSE is committed to expanding its activities across the country to infuse dynamism into the capital market.

"To expand the market, DSE would widen its automated system across the country," he told a workshop at Nanking Darbar Hall in the city.

DSE vice-president Ahmed Rashid Lali said the DSE would transact more than Tk 500 crore in three years' time through enlisting of telecommunications and power companies in the market.

http://www.thedailystar.net/2007/06/10/d70610050965.htm
 

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Dhaka-Ottawa-DC
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Discussion Starter · #8 ·
DSE mkt capitalization crosses Tk 450b mark

The total market capitalisation of the Dhaka Stock Exchange (DSE) crossed the Tk 450.00 billion (45,000 crore) mark Thursday for the first time amid a rally of share prices.

The DSE market capitalisation reached Tk 453.434 billion on the day, the last trading session of the week, from Tk 438.846 billion of the previous day. Earlier, the DSE crossed the Tk 400.00 billion-mark on May 3 last.

The market started regaining Wednesday last as investors are heading for the stock market with their huge idle money while institutional investors have become active and portfolio investment has increased.

In Thursday's trading session the total turnover increased to Tk 1.357 billion from Tk 1.252 billion of the previous day.

All Shares Price Index (DSI), DSE-20 Index (DS20) and DSE General Index (DGEN) increased by 58.363 points, 31.029 points and 37.979 points to close at 1678.338, 1817.946 and 2028.826 respectively.

Out of 197 issues traded, prices of 143 increased, 40 declined and 14 remained unchanged.

AB Bank was the turnover leader with its shares worth Tk 108.460 million (10.846 crore) traded, followed by BRAC Bank with its turnover recorded at Tk 102.935 million, Power Grid with the turnover at Tk 86.922 million, Southeast Bank at Tk 82.271 million, UCBL at Tk 79.923 million, Prime Bank at Tk 71.355 million, Square Textile at Tk 57.604 million, Desco at Tk 56.606 million, Square Pharma at Tk 54.703 million and Summit Power at Tk 53.753 million on the day.

Prices of AB Bank shares gained by 11.96 per cent to Tk 1487.75 each, BRAC Bank by 4.11 per cent to Tk 721.50, Power Grid by 1.05 per cent to Tk 596.75, Southeast Bank by 2.16 per cent to Tk 460.25, UCBL by 5.73 per cent to Tk 2489.25, Prime Bank by 2.12 per cent to Tk 803.25, Square Textile by 4.24 per cent to Tk 110.50, Desco by 3.53 per cent to Tk 856.75, Square Pharma by 2.73 per cent to Tk 3699.75 and Summit Power by 1.32 per cent to Tk 823.50.

Prices of Rupali Bank shares increased significantly again on the news that the Privatisation Commission (PC) has sent yet another letter to the Saudi prince for payment to strike the final deal soon.

Rupali Bank shares gained Thursday by 30.76 per cent to Tk 1696.00 each. Just three days ago Rupali Bank prices had dipped below Tk 1300 per share.

http://www.financialexpress-bd.com/index3.asp?cnd=6/15/2007&section_id=1&newsid=64225&spcl=no
 

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Dhaka-Ottawa-DC
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Discussion Starter · #9 ·
DSE stocks gain as buying spree continues

Stock prices on the Dhaka Stock Exchange (DSE) gained Wednesday amid a hefty turnover as the investors' buying spree continued.

The turnover jumped to Tk 1.758 billion (175.8 crore) on the day from Tk 1.494 billion of the previous day.

The total market capitalisation also increased to Tk 458.710 billion from Tk 456.273 billion of the previous day.

Out of 197 issues traded, prices of 86 gained, 98 declined and 13 remained unchanged on the day.

All Shares Price Index (DSI), DSE-20 Index and DSE General Index (DGEN) gained by 10.913 points, 13.529 points and 11.949 points to close at 1696.018, 1849.342 and 2074.549 respectively.

Prices of the United Commercial Bank Ltd (UCBL) shares rose by 11.37 per cent to Tk 2,731.00 on the news that its earnings per share (EPS) in 2006 were better than that of the previous year.

The investors also felt encouraged to buy the shares as the central bank penalised the UCBL along with two other banks for violating the related rules in constitution of their boards.

"Investors now feel that the UCBL will hold the AGM regularly and also pay dividends," a DSE source said.

http://www.financialexpress-bd.com/index3.asp?cnd=6/21/2007&section_id=1&newsid=64836&spcl=no
 

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Discussion Starter · #10 ·
DSE market cap soars to record high

Last week’s bull-run pulled the market capitalisation at the Dhaka Stock Exchange to its all-time high at Tk 46,211 crore on Thursday, last trading day of the week.

The market barometer went up by Tk 868 crore in the last week from the previous week’s Tk 45,343 crore.

On May 3, DSE market capitalisation crossed Tk 40,000 crore mark for the first time in the history of country’s capital market.

Analysts said rally in share prices and the inclusion of some new companies with the market push up the market capitalisation.

Increased participation of institutional, retail and foreign portfolio investors put the stock market in a bullish trend since late April, said a stock broker.

‘Encouraged by the rally new investors are coming to the market,’ said Moin Al Kashem, a stock market analyst, on Thursday.

The DSE general index in the last week gained 58.27 points or 2.87 per cent to close at its all-time high at 2087.10 on Thursday, while its blue chips index, DSE20, advanced by 40.08 points or 2.20 per cent to close at 1858.03.

Of the total 238 issues traded on the DSE, 167 advanced, 53 declined and 18 remained unchanged. Thirty-six issues recorded no transaction during the period.

Dutch-Bangla Bank topped the gainers with 50.93 per cent rise in its share price while Rupali Bank was the worst loser witnessing 14.98 per cent fall.

Analysts said Bangladesh Bank order to Dutch-Bangla Bank regarding the latter’s paid-up capital encouraged the investors to put funds on the bank’s stocks.

Share price of Rupali Bank dropped due to frustration among the investors for the delay in handover process, they said.

However, turnover on the DSE increased by 31.92 per cent in the last week to total at Tk 782.75 crore from the previous week’s Tk 593.35 crore.

Summit Power topped the turnover leaders with total transaction of Tk 50.26 crore.

Other turnover leaders were Southeast Bank, Power Grid Company Bangladesh, Square Pharmaceuticals, BRAC Bank, Prime Bank, Dhaka Electric Supply Company, AB Bank, Heidelberg Cement and United Commercial Bank Ltd.

A category stocks shared 80.31 per cent of the total turnover at the DSE in the last week and N category stocks shared 11.72 per cent.

B, G and Z categories stocks got 0.98 per cent, 0.96 per cent and 6.03 per cent respectively.

http://www.newagebd.com/busi.html
 

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Joi Bangla
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Its great to see the stock markets doing well even under this new government. Hopefully all this growth slows down though because if it continues at the pace its going, it is sure to be followed by a bust.
 

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Discussion Starter · #12 ·
DSE turnover rises to Tk 2.34b

The total turnover on the Dhaka Stock Exchange (DSE) Tuesday whopped to Tk 2.344 billion, the highest ever amid a continued rally of share prices.
The turnover crossed Tk 2.0 billion-mark on the day after a 23 days' gap when the bourse last witnessed the surge on June 3.

The rally of stock prices on the day was led by banking issues with the enhanced participation of local institutions and portfolio investors. The total turnover was Tk 1.707 billion Monday.

The trading of the bourse first crossed Tk 1.0 billion-mark on January 18 this year.

Of the total turnover, a total of Tk 37.83 million was traded in block transaction in which NBL was at the helm with Tk 32.80 million traded in the block market on the day.

A strong buying support both from retail, institutional and portfolio investors propelled the daily average turnover to new heights, DSE sources said.
Share floatation of some good companies including telecommunications, power, gas and energy are in the pipeline for investment on the stock markets. This is also responsible for higher transaction on the DSE, a DSE source said.

The injection of money on the stock market has been maintaining a steep rise mainly due to lower interest rates in the banks and higher inflow of remittances, he said.

The trend of the market is showing that the turnover will increase further, market operators hoped.

DSE General Index or DGEN, All Shares Price Index or DSI and DSE-20 Index or DS20 gained by 20.348 points, 26.151 points and 14.305 points close to 2149.269, 1770.364 and 1891.569 respectively.

On Tuesday's trading session the total market capitalisation increased to Tk 477.241 billion from Tk 470.464 billion on the previous day.

Out of 209 traded issues, prices of 106 gained, 78 declined and 25 remained unchanged.

Power Grid was the top turnover leader with trading issues worth at Tk 175.399 million followed by Desco at Tk 140.800 million, BRAC Bank at Tk 108.768 million, Heidelberg Cement at Tk 101.378 million, Southeast Bank at Tk 88.370 million, Pubali Bank at Tk 86.933 million, NBL at Tk 81.766 million, Shahjalal Bank at Tk 76.864 million, Exim Bank at Tk 69.432 million and Prime Bank at Tk 65.407 million.

Prices of Southeast Bank rose by 2.08 per cent at Tk 490.25, Pubali Bank by 5.28 per cent at Tk 746.75, NBL by 0.11 per cent at Tk 848.00, Shahjalal Bank by 6.56 per cent at Tk 235.50, Exim Bank by 4.79 per cent at Tk 398.50, Prime Bank by 1.80 per cent at Tk 818.25, AB Bank by 5.68 per cent at Tk 1497.75, the City Bank by 5.46 per cent at Tk 579.00, Dhaka Bank by 5.80 per cent at Tk 524.00, Peoples Insurance by 6.49 per cent at Tk 274.75, Pragati Life Insurance by 9.04 per cent at Tk 515.25, Rupali Bank by 10.25 per cent at Tk 1730.50, Social Investment Bank by 4.19 per cent at Tk 1898.00 and Heidelberg Cement gained by 5.18 per cent close at Tk 1120.00.

http://www.thefinancialexpress-bd.com/search_index.php?page=detail_news&news_id=2508
 

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Discussion Starter · #13 ·
DSE market cap crosses $7b-mark

The total market capitalisation on the Dhaka Stock Exchange (DSE) Monday crossed $ 7.0 billion-mark with the closing of the benchmark index near 2200 points due to buoyant trading of issues under banking, insurance, power and mutual funds.

Earlier the total market capitalisation crossed $ 6.0 billion-mark on May 14 this year.

The total market capitalisation whopped to $ 7.0021 billion (one dollar-Tk 69) or Tk 483.157 billion Monday from Thursday's Tk 475.855 billion.

'Crossing $ 7.0 billion-mark of the market capitalisation is another milestone in the history of our growing capital market over the years,' said DSE's senior vice president Ahmad Rashid.

He said all the stakeholders of the capital market, from investors to regulators, contributed to the growth of the market.

Over the years, awareness of the investors grew up and they gained confidence in the stock market for entry of some big companies under power and banking sectors, he said.

He said the market got a boost with the recent Investor Conference where portfolio investors and non-resident Bangladeshi (NRB) investors showed enthusiasm to invest in the country's growing stock market.

The news of floatation of shares by big companies like GrameenPhone and other power and energy companies propelled the buying spree in the stock market in recent days, market operators said.

Big companies like Dhaka Electric Supply Company, Power Grid Company Bangladesh, Jamuna Bank, BRAC Bank and Shahjalal Islami Bank went public during the last two years encouraging the investors.

The issued capital of above five companies were Tk 8.86 billion.

Of them Power Grid issued shares worth Tk 3.64 billion, DESCO Tk 1.27 billion, Shahjalal Islami Bank Tk 1.87 billion, Jamuna Bank Tk 1.07 billion and BRAC Bank Tk 1.0 billion.

http://www.thefinancialexpress-bd.com/search_index.php?page=detail_news&news_id=3090
 

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Discussion Starter · #14 ·
DSE stock prices continue to rally

Stock prices of the Dhaka Stock Exchange (DSE) continued to rally for the second consecutive day amid a hefty turnover and market capitalisation Wednesday.

Market operators said the stock market is gaining momentum because of investors' confidence and hopes of floatation of shares by big companies under telecommunications, state-owned enterprises including oil and gas sectors.

Recently, the prices of the issues under power and insurance sectors have been increasing due to information of power tariff hike and transferring of the insurance sector under finance ministry from existing commerce ministry.

On Wednesday's trading session the total turnover increased to Tk 1.956 billion from Tk 1.855 billion on the previous day. On the day the total market capitalisation rose to Tk 490.651 billion from Tk 486.968 billion on the previous day.

DSE-20 Index (DS20), DSE General Index (DGEN) and All Shares Price Index (DSI) gained by 10.333 points, 9.301 points and 7.758 points to close at 1882.742, 2220.301 and 1821.484 respectively.

Out of 214 traded issues prices of 116 gained 73 declined and 25 remained unchanged Wednesday.

BRAC Bank was the turnover leader with a volume of Tk 136.286 million followed by Power Grid with Tk 123.029 million, Summit Power with Tk 110.560 million, Square Pharma with Tk 93.138 million, Grameen One with Tk 68.712 million, Desco with Tk 64.338 million, AIMS with Tk 56.536 million, Standard Bank with Tk 49.957 million, Heidelberg Cement with Tk 49.865 million and Shahjalal Bank with Tk 48.874 million.

Prices of BRAC Bank increased by 1.31 per cent to close at Tk 770.50 per share, Summit Power by 1.46 per cent to Tk 1035.75, Square Pharma by 0.25 per cent to Tk 3719.75, Grameen One by 1.74 per cent to Tk 52.40, AIMS by 3.52 per cent to Tk 5.28, Standard Bank by 6.27 per cent to Tk 393.50, Heidelberg Cement by 3.53 per cent to Tk 1295.25 and Shahjalal Bank by 0.10 per cent to Tk 248.75.

Prices of Power Grid declined by 0.45 per cent to Tk 604.00 and Desco by 1.15 per cent to Tk 986.00.

Prices of Islami Bank increased by 4.05 per cent to close at Tk 4685.75 per share due to announcement of floatation of Mudaraba Bond worth Tk 3.0 billion soon on the stock market.

Prices of the Standard Bank increased due to declaration of right shares issues at the rate of two for one share.

http://www.thefinancialexpress-bd.com/search_index.php?page=detail_news&news_id=4169
 

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Discussion Starter · #15 ·
DSE market cap hits new record

Market capitalisation at the Dhaka Stock Exchange hit its highest ever record at Tk 56,148 crore on Monday as stocks gained for the second consecutive day, buoyant by rise in the share prices of bank and power sectors’ heavyweights.

The market indicator’s previous highest record was at Tk 55,818 crore on August 20. DSE market capitalisation was Tk 55,706 crore on Sunday.

DSE general index gained 20.73 points or 0.87 per cent to close at 2398.42 on Monday, while its blue chips index, DSE20, advanced by 19.30 points or 1.00 per cent to close at 1958.39.

Chittagong Stock Exchange’s selective categories index gained 38.90 points or 0.98 per cent to close at 4026.08, while its blue chips index, CSE30, advanced by 45.48 points or 0.82 per cent to finish at 5591.

‘Market continued to rally due to buying spree from the institutional and retail investors,’ said Moin Al Kashem, senior vice-president of Prime Finance and Investment.

Institutional investors remained active in the market amid huge liquidity in the monetary system, he said.

Of the total 200 listed issues traded at the DSE floor, 93 posted gains, 86 declined and 21 remained unchanged while out of 112 listed issues traded on the CSE floor, 52 advanced, 50 fell and 10 remained unchanged.

Turnover at the DSE increased to Tk 166.30 crore from the Sunday’s Tk 116.22 crore while at the CSE went up to Tk 16.25 crore from Tk 13.36 crore.

BRAC Bank topped the turnover leaders at the DSE with a total transaction of Tk 21.69 crore.

Other turnover leaders at the country’s prime bourse were Dhaka Electric Supply Company, Power Grid Company Bangladesh, United Commercial Bank, Heidelberg Cement, National Bank, AB Bank, Pubali Bank, Uttara Bank and Rupali Bank.

http://www.newagebd.com/busi.html
 

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Discussion Starter · #16 ·
Stocks post gain last week
DSE market cap increases by Tk 2,883 crore


Market capitalisation at the Dhaka Stock Exchange increased by Tk 2,883 crore in last week to stand at Tk 57,515 crore on Wednesday, the last working day, from the previous week’s closing Tk 54,632 crore.

Closing market capitalisation is calculated as the total of closing prices of shares multiplied by the number of shares outstanding.

Stock market analysts attributed the rise to buying spree from institutional investors who played an active role in the market amid huge liquidity in the monetary system.

Market rallied due to buying spree from the institutional and retail investors, said Moin Al Kashem, an analyst, adding that ‘huge liquidity in the monetary system has given the financial institutions scope to channel funds to the stock market.’

An amendment to the bank companies act by the government also added to the stock market boost in last week as the investors rushed to buy shares of banks on Wednesday expecting that banks would issue bonus or right shares to raise their capital base set through the revision, said Yawer Sayeed, chief executive of an asset management company.

In last week, DSE general index gained 119.29 points or 5.11 per cent to close at 2455.09 on Wednesday, while its blue chips index, DSE20, advanced by 79.33 points or 4.14 per cent to finish at 1993.54.

Of the total 232 issues traded at the DSE in last week, 116 advanced, 96 declined and 20 remained unchanged. Forty-two issues recorded no transaction during the period.

Rupali Bank topped the gainers’ list with 27.71 per cent rise in its share price.

Apex Adelchi Footwear, United Commercial Bank, Eastern Bank, Uttara Bank, 2nd ICB Mutual Fund, National Bank, BATBC, Pragati Life Insurance and AB Bank were also in the top 10 gainers’ list.

Turnover at the DSE, however, decreased to Tk 652 crore in last week from the previous week’s total of Tk 662 crore.

BRAC Bank topped the turnover leaders with total transaction of Tk 66.57 crore.

Dhaka Electric Supply Company, Power Grid Company Bangladesh, Summit Power, United Commercial Bank, AB Bank, National Bank, Uttara Bank, Heidelberg Cement and Square Pharmaceuticals were also among the top 10 turnover leaders.

The top 10 turnover leaders accounted for 54.80 per cent of the total turnover of the bourse in last week.

http://www.newagebd.com/busi.html
 

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Dhaka-Ottawa-DC
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Discussion Starter · #17 ·
Banking stocks push DSE index to 2500 mark

The general index of the Dhaka Stock Exchange on Sunday crossed 2500 points for the first time as the indicator jumped due to rush in buying of shares of banks after the government amended the bank companies act, analysts said.

Last week, the council of advisers approved a set of amendments to the Bank Companies Act, 1991 with a provision to raise capital of a bank to a minimum of Tk 200 crore from the existing Tk 100 crore.

The benchmark index crossed 2400 points on July 25. It crossed 2000 points on May 31 for the first time since its inception on November 27, 2001.

Stock market analysts said the amendment boosted the stock market as investors rushed to buy shares of banks expecting that banks would issue bonus or right shares to raise their capital bases.

DSE general index gained 61.64 points or 2.51 per cent to close at 2516.72 on Sunday, while its blue chips index, DSE20, advanced by 37.53 points or 1.88 per cent to close at 2031.07.

City Bank, Eastern Bank, Mutual Trust Bank, One Bank, AB Bank, BRAC Bank, Dhaka Bank and Al-Arafah Islami Bank were among the top ten gainers of the day.

Of the total 195 issues traded at the DSE on Sunday, 80 advanced, 96 declined and 19 remained unchanged.

Analysts said the banking stocks had a ‘blown-out’ effect on the market as the banking sector constitutes over 50 per cent market capitalisation on the bourses.

Turnover at the DSE, however, slightly decreased to Tk 180.42 crore from the Wednesday’s Tk 188.71 crore.

BRAC Bank topped the turnover leaders at the DSE with total transaction of Tk 20.47 crore.

Other turnover leaders at the prime bourse were Power Grid Company Bangladesh, City Bank, AB Bank, Dhaka Electric Supply Company, Prime Bank, National Bank, One Bank, Pubali Bank and Mutual Trust Bank.

Meanwhile, stock prices at the Chittagong Stock Exchange also increased significantly.

CSE selective categories index gained 122.47 points or 2.97 per cent to close at 4241.90 on Sunday, while its blue chips index, CSE30, advanced by 259.08 points or 4.48 per cent to close at 6036.06.

Of the total 100 issues traded at the port city bourse, 50 advanced, 42 declined and eight remained unchanged.

Turnover at the CSE increased to Tk 33.89 crore from the Wednesday’s Tk 28.90 crore.

http://www.newagebd.com/busi.html
 

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Discussion Starter · #18 ·
Bangladesh Stock Market Value to Double, Dhaka Bourse Predicts

Bangladesh's stock market value will double to more than $15 billion next year, boosted by initial public offerings of state companies and private companies such as telephone operators, the head of Dhaka's stock exchange said.

"From what I understand the government is planning to do, and if it is done by June of next year, we are thinking the market cap should exceed $15 billion,'' Salahuddin Ahmed Khan, chief executive officer of Dhaka Stock Exchange Ltd., said in a telephone interview from Bangladesh's capital yesterday.

The Dhaka Stock Exchange Index has risen 57 percent this year, making it Asia's best-performing benchmark after China's CSI 300 Index. Fakhruddin Ahmed, a former central bank governor who was installed as chief adviser of the military-backed interim government in January, has pledged to transform state- run agencies such as banks into companies. Elections are planned by the end of 2008.

Dhaka's market value increased to a record $8 billion last week from $6 billion in early May because of "growing investor confidence'' and buying by institutional money managers, Asset & Investment Management Services of Bangladesh Ltd. said in a Sept. 2 research note. Asset & Investment oversees two funds valued at 850 million taka ($12.4 million).

The government will raise 15 billion taka from the sale of shares in a gas distribution company, making it Bangladesh's biggest IPO, Khan said. GrameenPhone Ltd., founded by Nobel laureate Muhammad Yunus, has plans to sell shares in the next six months, Khan said.

Individuals opened 355,000 share-trading accounts with brokerages in the last six months, taking the nation's total to 1.43 million, Khan said.

Dhaka's exchange, founded in 1954, has more than 330 listed securities, compared with the Chittagong Stock Exchange Ltd., which has about 220 securities. Four companies raised about 2 billion taka and listed their shares on Dhaka this year, compared with 10 initial shares sales in 2006, according to the exchange's Web site.

http://www.bloomberg.com/apps/news?pid=20601091&sid=avxseaZENGFc&refer=india
 

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Discussion Starter · #19 ·
Institutional investors push DSE indices higher

Dhaka stocks Sunday rallied for the ninth consecutive trading day due to strong participation of institutional investors, said analyst and investors.

The general index of the Dhaka Stock Exchange gained 263.89 points in the nine days to close at its highest ever mark at 2599.69 points on Sunday.

The benchmark crossed 2500 points on September 2 for the first time since its inception.

On Sunday, the general index gained 45.78 points or 1.79 per cent, while its blue chips index, DSE20, advanced by 24.07 points or 1.17 per cent to close at 2080.51.

‘Strong participation from the institutional investors pushed the market indices up,’ said Moin Al Kashem, a stock market analyst.

Funds are flowing from banks to the market as the financial institutions sits on excess liquidity of about Tk 10,000 crore in the banking system, he said.

He said growing foreign portfolio investment added to the market boost.

According to Bangladesh Bank statistics, foreign portfolio investment increased to $106 million in 2006-07 fiscal from $32 million in 2005-06 fiscal.

He said the presence of the retail investors also increased.

Habib, a retail investor, said small investors were encouraged by the active participation of institutional investors in the market. ‘Active presence of the institutional investors helps us feel comfortable in investing funds on stocks,’ he said.

Moin Al Kashem, however, said limited supply of shares against the rising demand made some of the shares overvalued.

Market will go through natural price correction in due course, he said. Of the total 202 issues traded at the DSE on Sunday, 114 issues advanced, 68 declined and 20 remained unchanged.

Chittagong Stock Exchange’s selective categories index also gained 66.12 points or 1.54 per cent to close at 4354.15 on Sunday, while its blue chips index, CSE30, advanced by 86.01 points or 1.44 per cent to close at 6064.08.

Of the total 116 issues traded at the CSE, 58 advanced, 51 declined and seven remained unchanged.

Turnover at the DSE also increased to Tk 188.47 crore from the Thursday’s Tk 167.02 crore and the CSE turnover went up to Tk 24.02 crore from Tk 23.33 crore.

The BRAC Bank topped the turnover leaders at the DSE with total transaction of Tk 26.98 crore.

Other turnover leaders at the prime bourse were Power Grid Company Bangladesh, Dhaka Electric Supply Company, United Commercial Bank, AB Bank, National Bank, City Bank, Heidelberg Cement, Square Pharmaceuticals and Eastern Bank.

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Discussion Starter · #20 ·
Jamuna Bridge to be listed on bourses early next year

State-owned Jamuna Multipurpose Bridge (JMB), the country's largest civil engineering project, is going to be listed on the stock exchanges early next year to raise the supply of good shares in the stock market.

The JMB Authority and the Investment Corporation of Bangladesh (ICB) held a meeting recently to formulate the modalities for offloading the shares in the stock market.

Managing Director of the ICB Ziaul Haque Khandaker said the ICB proposed the JMB to offload its shares worth Tk 5.0 billion for the public.

He said there is a chance that the JMB authority will offload shares as well as issue bond in the stock market.

"The progress on the work for offloading of the JMB shares indicates that it might be possible to complete the whole process within the current year or in the first part of the next year. The ICB has also been working speedily to bring this state-owned profit making project in the share market," he said.

Talking to the FE Chief Executive Officer (CEO) of the Dhaka Stock Exchange (DSE) Salahuddin Ahmed Khan also echoed the views of the ICB managing director in this connection.

He said some good government-owned companies' shares are scheduled to make debut on the DSE soon.

"So far, I know the work for offloading the shares of the JMB in the stock market has been progressing fast," he said.

He said the floatation of initial public offerings (IPOs) by some local, multinational and public companies will boost the market capitalisation significantly.

Khan said the trend of supply growth of issues on the DSE clearly indicates that the total market capitalisation of the DSE will cross more than $ 15 billion next year.

On Tuesday, the total market capitalisation increased to US$9.19 billion (Tk 626.353 billion), the highest ever on the DSE.

Finance ministry sources said the government will raise a major portion of its fund for construction of the 'Padma Bridge' through the securitisation of the JMB.

http://www.thefinancialexpress-bd.com/search_index.php?page=detail_news&news_id=13151
 
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