The New Nation - Internet Edition

Staff Reporter

Amid the world volatile market, country's prime bourse the Dhaka Stock Exchange (DSE) yesterday fell down marginally for the second consecutive day.

The debut trading of Summit Alliance shares, however, salvaged to some extent the benchmark index from deeper corrections and helped hit second highest record of daily turnover of Tk 5.64 billion, brokers said.

The DSE General Index (DGEN), the benchmark index, shed marginally by

7 points or 0.25 per cent to close at 2,919 points from 2,926 points on Wednesday.

The All Shares Price Index (DSI) fell 9 points or 0.37 per cent to close at 2,418 points while the DSE-20 index of selective shares dropped 30 points or 1.21 per cent to close at 2,470 points.

The share prices dropped across the board with 154 out of 239 issues traded on the day registering losses while 82 gained and only three remained unchanged.

The bourse hit second highest turnover of Tk 5.64 billion on the day against Tk 5.11 billion on Wednesday while the Market Capitalisation fell to Tk 1.016 trillion from Tk 1.018 trillion on Wednesday.

Debutant Summit Alliance Port Limited emerged as one of the top 10 turnover leaders on the day, exchanging 2,33,050 shares worth Tk

214.30 million.

The stocks of Tk 100 each opened with Tk 600 per share and rose as high as Tk 1,074 before closing at Tk 879.25 per share.

As per the un-audited half yearly accounts till June 30 this year, the company has reported net profit of Tk 60.56 million with diluted EPS of Tk 12.11 (based on Post-IPO paid-up capital).

The DSE authorities restricted the sale of general clients' shares of

Summit Alliance to only one market lot against each client's account.

During the day's trading, power sector companies took position in the group of top turnover leaders, pushing behind the traditional scrips like AIMS 1st Mutual Fund and Lanka Bangla Finance.

Titas Gas, Beximco Pharma, DESCO, BEXIMCO, ACI, Summit Alliance, Square Pharma, Summit Power, BD Online and Power Grid were the day's turnover leaders in terms of value.

The day's volume leaders were AIMS 1st Mutual Fund, Beximco Pharma, Goldenson, Beximco Textiles, GRAMEENS2, BEXIMCO, In Tech Online, BD Online, Titas Gas and Daffodil Computers.

Top gainers of the day were Summit Alliance, Goldenson, Maq Paper, Maq Enterprise, DESCO, M Hossain Garments, Daffodil Computers, Sonargaon Textiles, Metro Spinning and Monospool.

Top losers were Metalex Corporation, SAFKO Spinning, Dulamia Cotton, BD Online, Shinepukur, Confidence Cement, Beximco Textiles, Gulf Foods, Bionic Food and Beximco.

Meanwhile, ICB Islamic Bank informed DSE that the Board of Directors of the bank approved Data Center to implement its core banking solution, designed and constructed by Spectrum Engineering Consortium Limited of Bangladesh.

The Board also approved Silverlake Integrated Islamic Banking System (SIIBS), a Shariah based banking software developed by Silverlake Sdn

Bhd, Malaysia, as the Banking Software for ICB Islamic Bank Limited.

Installation of the software will be completed by the end of February next year.

However, the Bank did not report the amount of investment for the Software installation.