& çâÌæÚUæð´ ·¤è ¥ôÚU Îð¹Ùæ ÁæÚUè ÚU¹ð´ ¥ÍæüÌ ¥ÂÙð ÜÿØ ÂÚU ŠØæÙ ÚU¹ð´Ð ãæÚU Ù ×æÙð´, €UØô´ç·¤ ·¤æ× ·¤ÚUÙð âð ¥æÂ·¤ô ©gðàØ ·¤è Âýæç# ãôÌè ãñ ¥õÚU ÁèßÙ ·¤æ ¹æÜèÂÙ ÎêÚU ãôÌæ ãñÐ ÖÜð ãè ÁèßÙ ×ð´ ç·¤ÌÙè Öè ·¤çÆÙæ§ü €UØô´ Ù ¥æ°, çÁ™ææâæ ¥õÚU ©ˆâæã ÕÙæ° ÚU¹ð´Ð ŠØæÙ ÚU¹ð´, ÜÿØ ã×ðàææ ¥æÂ·Ô¤ Âæâ ãôÌð ãñ´ çÁ‹ãð´ ÂæÙð ·Ô¤ çÜ° ÂýØæâ ¥æÂ ·¤Öè Öè àæéM¤ ·¤ÚU â·¤Ìð ãñ´Ð

Stocks end higher

Mutual fund trading resumes today

Star Business Report
Stocks ended higher for the second day yesterday amid buying pressure, led by Titas Gas.
The benchmark DSE General Index added 20.36 points or 0.75 percent ending at 2734.70. The DSE All Share Price Index rose 18.48 points or 0.79 percent to 2351.38.The blue chip DSE-20 index advanced 16.41 points or 0.66 percent to 2499.27
"Most of the investors sold their existing portfolios to buy the shares of Titas last week. That selling pressure reduced in the last two days. ” said Arif Khan, an analyst at the IDLC Finance.
The upbeat mood came after it witnessed a bear-run for about seven weeks, reacted by regulatory moves such as restriction on closed-end mutual funds from issuing bonus or right shares, analysts
said.
A High Court stay order on the Securities and Exchange Commission's directive however brought many investors back to buying, they added.
The authorities of Dhaka Stock Exchange and Chittagong Stock Exchange however halted the trading of the shares of mutual funds for official confirmation of the court rule. TYading of mutual funds shares resumes today, according to DSE.
Analysts also linked the previous downturn to investors' interest to get hold of the shares of Titas Gas that listed on the stock exchanges early last month to sell 2.14 crore shares to public.
The company has been able to offload over 50 lakh shares although it will be needed to sell about 86 lakh of shares by K3 August this year to avoid the regulator's sanction.
"The uncertainty among
investors on Titas issue has eased and investors are coming back," an analyst at the Equity Partners said.
Turnover on the bourse however dropped to Tk 251.38 crore from Tk 356.16 crore the previous day.
The state-run Titas Gas, the biggest issue by market capitalisation, ruled the market. followed by Beximco Pharmaceuticals and LankaBangla Finance.
Titas, which secured 16 percent of the total turnover, however finished 3.75 percent lower toTk
326.50.
Gainers outnumbered losers with 14 issues closed unchanged.
On the Chittagong Stock Exchange, all the indices except for CSE All Share Price Index, finished up. But turnover dipped to Tk 31.95 crore from Tk 66.04 crore.