Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 625 Thu. March 02, 2006  
   
Business


Bourses close higher


The Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) closed higher yesterday for the second consecutive day with gainers outnumbering losers.

"It is a good sign that both the bourses have been witnessing upward trends for the last two days," said Ziaul Haque Khondker, managing director of Investment Corporation of Bangladesh.

The DSE General Index yesterday increased by 23.29 points to close at 1554.73 points from 1531.43 points on Tuesday.

The DSE All Share Price Index also rose by 16.69 points to close at 1188.93 points from previous trading day's 1172.24 points.

A total of 1,486,053 shares of 171 issues worth Tk 20.69 crore changed hands on the DSE against previous day's 1,925,372 shares of 186 issues worth Tk 19.09 crore. Of the issues traded, 132 closed in gains, 18 suffered losses and 21 remained unchanged.

The CSE All Share Price Index increased by 37.24 points to close at 3112.71 points from 3075.47 points on Tuesday.

The CSE-30 Index also increased by 36.83 points to close at 2930.77 points from previous day's 2893.93 points.

A total of 542,567 shares of 75 issues worth Tk 3.02 crore were changed hands on the CSE against previous day's 921,675 shares of 83 issues worth Tk 6.09 crore. Of the issues traded 54 closed in gains, 14 suffered losses and seven remained unchanged.

Meanwhile, a group of small investors yesterday gathered in front of the DSE building and demanded steps to boost stock prices.

The demonstrators under the banner of Bangladesh Share Market Investors Development Association and Share Investors Forum also submitted a memorandum to the finance ministry, DSE and SEC.

Earlier on Monday, a group of small investors took to the street for the second time in a month staging demonstration in front of DSE building as the premier bourse's General Index lost 30.83 points. On February 13, they also demonstrated when the price indices experienced a huge fall at one stage on the day.

Today's trading of the DSE will start at 1pm and will continue until 3pm as per a resolution, according a news bulletin of DSE website.