Power and energy sector companies have gained most on a day when trading on Dhaka Stock Exchange crossed Tk 10 billion amidst a bull run in capital markets.
Of the 10 companies that gained most on Monday, seven were from this sector.
Three companies of Summit Group - KPCL, Summit Power, SPCCL - alone accounted for 17 percent of the day’s trading.
Market analysts feel a cut in bank deposit interests and optimism about the budget to be placed on June 4 spurred the buying.
Former DSE president Shakil Rizvi said the present trend would continue if the country’s political situation remained stable.
Turnover at the DSE on Monday was over Tk 10.02 billion, the highest transaction volume in the last seven and a half month.
Even at the beginning of May, the average trading was below Tk 3 billion.
The DSE index, which was 4970 points at the beginning of the year, plunged to 3960 points on May 4.
Three companies of Summit Group - KPCL, Summit Power, SPCCL - alone accounted for 17 percent of the day’s trading.
Market analysts feel a cut in bank deposit interests and optimism about the budget to be placed on June 4 spurred the buying.
Former DSE president Shakil Rizvi said the present trend would continue if the country’s political situation remained stable.
Turnover at the DSE on Monday was over Tk 10.02 billion, the highest transaction volume in the last seven and a half month.
Even at the beginning of May, the average trading was below Tk 3 billion.
The DSE index, which was 4970 points at the beginning of the year, plunged to 3960 points on May 4.
0 comments:
Post a Comment