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Head Lines The Bangladesh Ovserver
The price
indexes at Dhaka Stock Exchange closed mixed on Monday with the losers
outnumbering the gainers, reports UNB.
DSE-20 Index
gained slightly by 0.78 points or 0.07 per cent to close at 984.06 points
from Sunday’s 983.28 points.
Of the 167
issues traded on Monday, 55 gained, 56 declined and 50 remained unchanged. The Bangladesh Ovserver
Another report
from Chittagong adds:–The price indices at Chittagong Stock Exchange
closed lower on Monday, as the losers outnumbered the gainers.
CSE Selective
Index also dropped by 1.26 points or 0.10 per cent to close at 1164.79
points from 1166.03 points on Sunday.
Some 95,625
shares and debentures worth Tk 15.49 lakh changed hands as against 487,285
shares valued at Tk 60.45 lakh on the previous trading day. Dollar under pressure against Taka ECONOMIC DESK, The Independent The US dollar was under pressure against the Bangladesh Taka in inter-bank trading yesterday. In early Asian trade dollar plunged to a 33-month low against the yen, which then led the Asian currencies sharply higher. The dollar traded at 58.4050 Taka and 58.4250 Taka per unit yesterday, compared to its previous rates at 58.4150 Taka and 58.4300 Taka on Sunday. The demand for the US unit was strong but importers and traders refrain themselves from buying dollar after its record fall against the yen that sparked concerns about the region's exports after the G7 weekend call for flexible exchange rate systems, dealers said. Sentiment on Taka yesterday was strong and some fund managers had to sell their dollar funds to meet their cash crises. The call money rate yesterday jumped to 11.50 per cent from its earlier high at 7.00 per cent, they said. "Following liquidity problems, some banks sold dollars to meet Taka short-fall and some traders bought euro selling dollars to save themselves from any pitfalls. Otherwise, the dollar could lost more points against Taka", dealer of a leading private commercial bank said. The dollar dropped to 111.37 yen in early Asian trading, the lowest level since December 2000, before climbing back to 112.40 yen in late trade, dealers on online trading said. Dealers attributed the dramatic slide in the dollar to the statement from the G7's finance ministers and central bank governors after their meeting in Dubai, which urged greater flexibility in exchange rates. "We emphasise that more flexibility in exchange rates is desirable for major countries or economic areas to promote smooth and widespread adjustments in the international financial system, based on market mechanisms," the statement said. Although the statement stopped short of mentioning any nation in particular, it was widely regarded as a message to Asian countries, especially China, to allow their currencies to rise. It also put pressure on the Japanese authorities, who have sponsored record interventions this year to weaken the yen in a bid to keep the country competitive. Many Asian currencies followed the yen's surge against the dollar yesterday with dealers and analysts forecasting the trend will continue. "The gain in the yen was the main reason for regional currencies' appreciation," said a dealer at Bangkok Bank. The dollar fell to a 34-month low against the South Korean won, closing at 1,151.30, compared with Friday's close of 1,168.00. The dollar had not been that low since touching 1,141.80 on November 17, 2000, dealers said. In early trade, the Australian dollar jumped one and a half US cents to 68.36, just shy of a five-and-a-half-year high of 68.46 US cents set in July. The Taiwan dollar rose 0.253 dollars, or 0.74 per cent, against the US currency to finish at 33.805. The Thai currency also strengthened to a more than three-year high at 39.96-40.01 baht to the dollar. The baht closed Friday at 40.49-52 baht. The Philippines peso also rose, despite underlying concerns about the country's political outlook, trading at 55.07 to the dollar late Monday after closing at 55.165 on Friday. The Singapore dollar was the only major currency not to follow the Japanese yen, with the currency at 1.7317 late Monday against 1.7481 Friday. DSE closes mixed, CSE ends lower ECONOMIC DESK, The Independent The price indexes at Dhaka Stock Exchange closed mixed with the losers outnumbering the gainers while the price indices at Chittagong Stock Exchange closed lower, as the losers outnumbered the gainers yesterday. Weighted Average Share Price Index at DSE remained unchanged at 823.23 points. DSE-20 Index gained slightly by 0.78 points or 0.07 per cent to close at 984.06 points from Sunday's 983.28 points. Of the 167 issues traded yesterday, 55 gained, 56 declined and 50 remained unchanged. Some 716,755 shares and debentures valued at Tk 2.04 crore changed hands as against 1,471,185 shares worth Tk 3.04 crore on the previous day. Market capitalisation stood at Tk 66.70 billion from Tk 66.66 billion on Sunday. Meanwhile, the price indices at Chittagong Stock Exchange closed lower yesterday, as the losers outnumbered the gainers.Trade Volume Weighted Index marked a slight decline to close at 1841.23 points. CSE Selective Index also dropped by 1.26 points or 0.10 per cent to close at 1164.79 points from 1166.03 points on Sunday. Of the 40 listed issues traded yesterday, 10 gained, 15 declined and 15 remained unchanged. Some 95,625 shares and debentures worth Tk 15.49 lakh changed hands as against 487,285 shares valued at Tk 60.45 lakh on the previous trading day. Market capitalisation stood at Tk 59.89 billion as against Tk 59.94 billion on Sunday. Dhaka Stock Exchange Link International Stock Exchange Link |
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