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Stock market on bull run with rise in price

Staff Correspondent |
Update: 2010-08-17 02:04:12
Stock market on bull run with rise in price

DHAKA: The share market of Dhaka saw a sharp up as price indices of GrameenPhone along with financial and insurance companies rose in a turnaround Tuesday.

After a fall in the indices in the last two days in a row, the DSE general index advanced slightly. Simultaneously, volume of trade, market capitalization and prices of traded shares made an upturn Tuesday.

Prices of 41 out of 44 companies’ shares in insurance sector increased while 16 of 21 financial companies’ share prices advanced.

Besides, GP share price reached 265.9 advancing by Tk 6.5.

On the other hand, fall in share prices of the banking sector continued along with power and energy, and engineering and ceramics sectors.

The total turnover of the day was Tk 1927.70 crore, Tk 387.35 crore more than the previous day’s.

Shares of 255 companies changed hands. Value of 142 companies marked rise and 101 recorded a fall while 12 companies remained unchanged.

The general index of DSE rose by 10.95 points Tuesday to 6633.47.

The top-trading companies on Tuesday are-Titas Gas, Aftab automobiles, Prime Finance, People’s Leasing Finance Services Ltd, Summit Power, Lankabangla Finance Ltd, Summit Port Alliance, Beximco Ltd, Bextex and International Leasing and Financial services Ltd.

The top companies in terms of price ups are Eastern Housing Ltd, Federal Insurance, Bangladesh General Insurance co, BD Lamps, City General Insurance, International Leasing and Financial Services, Meghna Life Insurance, Apex Spinning, Dhaka Insurance and Prime Insurance.

Those who suffered loss are: 5th ICB, Imam Button, Standard Ceramic, 8th ICB, Miracle Industries, Zill Bangla Sugar Mills, United Commercial Bank Ltd, Beximco Synthetics, Becon Pharma and Legacy Footwar Ltd.

BDST: 1831 HRS. AUGUST 17, 2010

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