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DSE market capitalisation crosses Tk 1 trillion mark

Star Business Report
The market capitalisation of Dhaka Stock Exchange yesterday reached Tk Tk 1,00,970 crore (over Tk 1 trillion) for the first time on the trading debut of First Security Bank shares.
Such capitalisation was Tk 99,592 crore the previous day.
Market capitalisation represents the aggregate value of a company or stock. It is calculated by multiplying the number of shares outstanding by the current price on each share.
It set a new milestone crossing the Tk 1 trillion market mainly riding on the trading debut of First Security Bank shares, said DSE Chief Executive Officer Salahuddin Ahmed Khan.
First Security Bank joined the stock market with
1,15,00,000 primary shares of Tk 100 each. Earlier, the bank raised Tk 115 crore from the public. Opening at Tk 185 on the DSE, each share of the bank rose yesterday as high as Tk 208 before closing at Tk 193.25.
“With entering of new companies including state-owned enterprises in future, the market capitalisation will further increase," the DSE CEO said.
Meanwhile, Dhaka stocks closed higher slightly yesterday. The DSE General Index rose 9.11 points, or 0.31 percent, to 2866.34 points, while the DSE All Share Price Index gained 6.07 points, or 0.25 percent, to 2418.03 points.
A total of 3,02,84,276 shares worth Tk 401.36 crore changed hands on the DSE. Of the 226 issues traded, 93 gained, 120 declined and 13 remained unchanged.
Titas Gas topped the turnover list with 8,24,800 traded shares worth Tk39.84 crore.
The day's other turnover leaders were Grameen 1 Scheme 2, First Security Bank, AIMS 1st Mutual Fund, ACI, Summit Power, ICB 2nd NRB Mutual Fund, Beximco Phartna, Beximco and Prime Finance.
Chittagong stocks, however, closed lower slightly.
The CSE Selective Categories Index fell 6.71 points, or 0.11 percent, to 5663.55 points. The CSE All Share Price Index declined 9.67 points, or 0.11 percent, to 8674.02 points.
A total of 62,23,899 shares worth Tk 53.99 crore changed hands on the port city bourse. Of the 135 traded issues, 46 gained, 84 declined and five remained unchanged.