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Index of share market records fall, exchange of shares rises

| banglanews24.com
Update: 2010-06-23 12:46:34 AM

DHAKA: The index of Dhaka Stock Exchange (DSE) marked a slight fall following slide in prices of shares Wednesday, the fourth day of the week, but exchange in monetary terms in trading was higher.

In the previous week, shares suffered a huge loss during the first two days, but the market turned around on the third day of the week that has gone by.

The jitters on the capital market were due to imposition of taxes on institutional investors and the recent lowering of P-E ratio to 40 from 50. Besides, there were rumours almost everyday.

Portfolios of banking sector suffered big tumbles. The turnover in terms of money increased as there were rumours that the tax imposed on organizational investors might be lifted in the proposed budget, the investors said.

Shares of 248 companies changed hands. Value of 113 companies marked rise and 125 recorded a fall while eight companies remained unchanged.

Seven crore ninety-six lakh six thousand four hundred and seventy-six portfolios changed hands. In money terms, the exchange was worth Tk 1633.2 crore, Tk 384.2 crore higher than the previous day.

The general index of DSE fell by twenty points Wednesday to 6187.49. The DSE general index Tuesday was 6187.59. The market value increased Wednesday, which stood at two lakh seventy thousand four hundred ninety-seven crore and thirty-two lakh Taka.

The companies whose shares marked rise are Imam button, Social Islami Bank, Al-farah Islami Bank, International leasing finance services, Asia-Pacific Insurance, ICB first NRB, Sandhani Insurance, and Premier Bank.

Those who suffered loss are Navana CNG, Prime Bank, Kohinoor Chemicals, Rahima Food, Samata leather, Gulf Foods, Padma oil, Aramit cement, ISN and Savar refectories.

BDST 2025, June 23, 2010
SR/EH/MUA

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