The New Nation - Internet Edition

UNB, Dhaka

The Dhaka Stock Exchange (DSE) registered gains for the fourth straight trading day on Sunday, amid volatility during the day's trading.

"The index curve reflects the volatility in the market as the prices of stocks showed wide difference. However, the indices went up amid positive mood among the investors," said a fund manager. Another significant indicator as reflected during the day's trading was that the prices of BD Finance, BOC, IPDC and Uttara bank declined although the companies declared "good" dividend today. The fund manager, however, pointed out that if the investors bought the stocks at higher prices, the dividends are unlikely to satisfy them.

The day's turnover stood at Tk 326 crore, marginally rising from Tk 325 crore on Thursday.

Of the total 244 issues traded today, 139 issues gained, 103 incurred loss while 2 remained unchanged.

The DSE General Index (DGEN), the benchmark index, rose 32 points or

1.00 percent to close at 3,023 points today, while the All Share Price Index (DSI) increased 25 points or 1.00 percent to close at 2,553 points.

Turnover leaders in terms of value were AB Bank, Square Pharma, Uttara Bank, Grameen 1, Lafarge Surma Cement, IFIC, AIMS 1st MF, Dutch-Bangla Bank, BRAC Bank, and NCCB, while the volume leaders were AIMS 1st MF, Keya Cosmetics, Beximco Pharma, Grameen 1, Miracle

Industries, Bextex, Quasem Dry Cell, BDCom, ACI and Keya Detergent. The day's top gainers were Trust Bank, 6th ICB, BCIL, BD Luggage, Metrospin, BD Welding, M Hossain Garments, Monno Jutex, Fu-wang Ceramics and Ashraf Textiles, while the top losers were Ambee Pharma, Gemini Sea Food, TBL, Central Insurance, United Insurance, BOC, Prime Life Insurance, Pharm Aid, Dulamia Cotton and Glaxo SmithKline. Today, BD Finance recommended stock dividend of 10 percent and cash dividend 5 percent for the year 2007. AGM of the company will be held at BDR Darbar Hall at 10:00 am on April 20.

Uttara Bank recommended stock dividend at 1:1 for the year 2007. AGM will be held at Officer's Club, Baily Road at 10:30 am on May 15. An EGM of the Bank will also be held at 10:00 am on the same day at the same venue for raising the Authorized Capital to Tk 160.00 crore from the present Tk 100.00 crore.

IPDC recommended cash dividend of 5 percent and stock dividend of 10 percent for the year 2007. AGM will be held on May 22 while time and venue will be notified later.

BOC has recommended cash dividend of 70 percent for the year 2007. AGM will be held on May 8 while the time and venue will be notified later.

Responding to a DSE query on recent unusual price-hike of their stocks, Miracle Industries, Renata, Goldenson and Olympic informed today that they have no undisclosed price sensitive information. Prices of all the stocks increased during the day's trading.