GP pulls DSE up

Dhaka bonds rose neatly Tuesday, upheld by integrate of certain headlines upon encouragement of paid-up collateral of monetary institutions as great as better-than-expected half-yearly monetary reports of Grameenphone (GP). The DSE General Index (DGEN), a market’s categorical yardstick, gained 101 points or 1.55 per cent to tighten during 6587.58, carried by GP, a most weighted shares in DSE, that rose some-more than 10 per cent.
The marketplace was behind upon a rail a day after profit-booking tumble as great as monetary minister’s regard over eight-consecutive convene in a prior session.
The GP as great as financials pulls a marketplace up, according to a stockbrokers.
GP, a sole listed association in a telecommunications sector, rose tip 10 per cent to Tk 195.20 after a association spoken halt money division 140 per cent for a year finale upon 31st Dec 2011.
It posted a net distinction of Tk 6,766.45 million for a half-year finished upon 30th Jun 2011.
Huge share contract was additionally seen by a company, creation it tip turnover personality with shares worth Tk 754.99 million altered hands.
Turnover worth increasing to Tk 13.87 billion in worth terms, opposite Tk 11.57 billion in a prior session.
Transaction worth crossed Tk 10 billion outlines in a uninterrupted 9 sessions as marketplace seems to have a little liquidity during a moment.
Share prices most of a issues traded upon a day advanced. As out of a 261 issues traded, 229 advanced, twenty-eight declined as great as 4 remained unchanged.
After GP, alternative turnover leaders were Beximco Limited, MJL Bangladesh, SIBL, United Airways, MI Cement, ONE Bank, Golden Son, Titas Gas as great as UCBL.
All a association of non-banking monetary institutions (NBFIs) additionally came to spotlight upon a headlines that monetary method has authorized executive bank’s offer looking to stand in a smallest paid-up collateral of monetary institutions to Tk 1.0 billion by Jun next.
The pierce to enlarge a paid-up collateral was instituted by a executive bankto isolate a NBFIs, additionally great well known as leasing companies, from risks.
Presently, a smallest paid-up collateral of NBFIs is Tk 500 million. The paid-up collateral was final increasing upon Nov 4, 2009.
BD Finance was a second tip gainer, followed by Aramit, Fine Foods, BIFC,
Salvo Chemicals, National Housing Finance, BEDL, as great as Islamic Finance.