The price indices on the Dhaka Stock Exchange (DSE) closed higher Monday, as the gaining issues outplayed the losing ones. The trade turnover, in terms of both volume and value, however, declined on the day.
The DSE Weighted Average Share Price Index moved up by 0.04 points or 0.004 per cent to close at 823.77 points.
The DSE General Index rose by 21.42 points or 2.33 per cent to close at 942.02 points.
The DSE-20 Index went up by 23.17 points or 1.95 per cent to settle at 1213.62 points from 1190.45 points of Sunday, the previous trading day.
About 5.64 million shares and debentures worth Tk 173.92 million changed hands Monday compared to 6.57 million shares and debentures valued at Tk 193.70 million of the previous trading day.
A total of 214 issues were active on the day including 185 gainers, 22 losers and seven remaining unchanged.
The total market capitalisation stood at Tk 85.66 billion against Tk 83.74 billion of the previous trading day.
The number of contracts went down to 12,863 from 13,854 contracts of the previous day.
Advanced Chemical International, Agni Systems, Aims First Guaranteed Mutual Fund, AMCL (Pran), British American Tobacco Company Bangladesh, Beximco Pharma, Dhaka Bank, First Lease International, Fu-Wang Food, Meghna Cement, Mutual Trust Bank, Padma Cement, Padma Textiles, Prime Bank, Southeast Bank, Square Textiles, Square Pharma, Standard Bank, Raspit Data and Management, Shinepukur Holding and Modern Cement contributed significantly to the trade turnover.
Standard Bank performed as the top trade turnover leader, in terms of value on the day. Its 63,700 shares valued at Tk 10.68 million were traded. The price of the issue went down by 0.74 per cent to close at Tk 167.00.
Agni Systems performed as the top trade turnover leader, in terms of volume on the day. A total of its 664,000 shares valued at Tk 9.28 million changed hands on the day. The price of the issue went up by 3.70 per cent to close at Tk 14.00 and it varied between Tk 14.30 and Tk 13.70.
Modern Cement was the top gaining issue on the day as its price moved up by 13.88 per cent to close at Tk 4.10. Its 249,500 shares valued at Tk 999,500.00 changed hands.
Atlas Bangladesh was the top losing issue on the day as its price fell by 7.30 per cent to close at Tk 218.40. Its 1,800 shares valued at Tk 392,900.00 changed hands.
Padma Textiles was a major trade turnover leader, in terms of volume on the day with its 436,400 shares worth Tk 5.77 million being traded. The price of the issue went up by 3.84 per cent to close at Tk 13.50 on the day.
Padma Cement was a significant performer on the day as its 402,000 shares valued at Tk 2.04 million changed hands. The price of the issue rose by 13.04 per cent to close at Tk 5.20.

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The price indices on the Chittagong Stock Exchange (CSE) gained Monday, as the gainers doninated the losers. The trade turnover, in terms of both volume and value, also rose on the day.
The CSE Selective Index went up by 32.03 points or 2.162 per cent to close at 1513.66 points from 1481.63 points Sunday, the previous trading day.
The CSE Trade Volume Weighted Index moved up by 0.003 per cent to close at 1841.47 points.
A total of 2.47 million shares and debentures valued at Tk 46.09 million changed hands on the day against Sunday''s 2.65 million shares and debentures valued at Tk 56.71 million.
The total market capitalisation stood at Tk 74.79 billion from Tk 73.49 billion of the previous day.
The number of contracts went down to 2,987 from 3,360 contracts of the previous trading day.
A total of 79 issues were traded on the day. Of them, 72 posted gains, five lost grounds and two remained unchanged.
Aziz Pipes performed as the top gainer on the day. The price of the issue moved up by 14.86 per cent to close at Tk 85.00 from the previous day''s Tk 74.00. Its 10 shares valued at Tk 850.00 changed hands in one deal on the day.
Delta Millers was the top losing issue on the day as its price moved down by 3.85 per cent to finish at Tk 75.00 from Tk 78.00. A total of its 100 shares valued at Tk 7,500.00 changed hands in one deal on the day.
Agni Systems performed as the top trade turnover leader, in terms of both volume and value on the day. Its 965,000 shares valued at Tk 13.52 million were traded. The price of the issue went up by 4.44 per cent to close at Tk 14.10.
Padma Cement was the second top trade turnover leader, in terms of volume on the day. Its price rose by 13.04 per cent to close at Tk 5.20. A total of its 285,000 shares worth Tk 1.46 million were transacted in 132 contracts on the day.
Thirteen issues were active in the textiles and clothing sectors. Among them, 12 posted gains and one lost ground on the day.

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The government has been urged to take effective steps in connection with remodelling the total banking system in the country in accordance with Islamic Shariah.
Islami Bank Bangladesh Limited (IBBL) Chairman Shah Abdul Hannan made the appeal while inaugurating the 137th branch of the bank at Sardar Plaza of Bandartila in Chittagong as the chief guest Sunday.
He observed that the success of Islamic banking system was now recognised internationally.
Conventional banks are now eager to open Islamic banking branches or counters on their own premises due to the success of Islami Bank and continuous demand of people for Islamic banking, he mentioned.
IBBL Director Muhammad Dawood Khan presided over the inaugural function.
Among others, Executive President Abdur Raquib, Executive Vice President and Head of Chittagong Zone Shamsul Haque and Patenga Branch Manager Ahmed Safa and local businessman Mohammad Ali, Barrister Sultan Ahmad College Principal Amiruzzaman and Peer Shaheb of Baitush Sharaf and Director of the Bank Moulana Mohammad Kutubuddin were present at the function.
Speaking on the occasion, Muhammad Dawood Khan said that establishment of a society free from exploitation by introducing Islamic economic system was one of the prime goals of the Islami Bank. He called upon the local people to get service from the bank.
Abdur Raquib said that the income of the bank and profit distributed among depositors were fully interest-free and Halal.
He also said that the IBBL was investing in the sector of macro-industrial projects side by side micro-investment by implementing Rural Development Scheme for self-reliance of the rural people.
Meanwhile, a seminar on ‘Islamic economics and banking’ was held on the newly-established branch premises Sunday.

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The two-day third annual general meeting (AGM) and sixth conference of the South Asian Federation of Exchanges (SAFE) begins today (Tuesday) in Lahore, Pakistan.
The main theme of this year’s conference is ‘strengthening stock exchange listing regimes and regional harmonisation’.
The countries in the South Asian region including Bangladesh have taken initiative to commence regional cross border trading facilities among the regional bourses.
The initiative will be successfully translated into action when the regional watch dog bodies, securities and exchange commissions give permission to do cross border trading.
The SAFE members in the meetings are expected to give their best efforts to come up with joint decision for regional trading.
The meeting is scheduled to discuss scope of exchanging ideas among the regional members. The members of SAFE will try to create some future initiatives to strengthen member exchanges.
The SAFE was convened by the Chittagong Stock Exchange (CSE) in the year 2000 and Commerce Minister Amir Khosru Mahmud Chowdhury was the founder president.
The SAFE has undertaken a study project to assess the listing regulations of the member exchanges in comparison with international and regional best practices in order to identify strengths, weaknesses and development needs.
The study project will bring efficiency to start cross border listing and trading among the SAFE members. Recently, the project team members have completed the task by physically visiting the representatives of each of the member stock exchanges and their regulators.
SAFE Secretary General Wali-ul-Maroof Matin and the International Consultant of the Project Gerry Ritchie were also in the team who visited the member exchanges.
The study results including the findings and experts’ recommendations will be discussed in the Lahore conference. The SAFE Secretariat (currently located at CSE) has already received joining consent from the invited seven securities market regulators of the region including Bangladesh, Bhutan, India, Pakistan, Nepal, Sri Lanka and Mauritius and the representatives of regulators who will add their valuable inputs.
The SAFE is expecting to inaugurate the cross border trading and listing by India, Pakistan and Sri Lanka.
One company from India will be listed in the Pakistan Capital Market and one from Pakistan to India accordingly. Simultaneously, one from Bangladesh to Sri Lanka and one from Sri Lanka to Bangladesh.
The Colombo Stock Exchange has already agreed on the proposal. Currently, the SAFE has twelve members including Chittagong Stock Exchange, Colombo Stock Exchange, Dhaka Stock Exchange, Islamabad Stock Exchange, Karachi Stock Exchange, Lahore Stock Exchange, Mumbai Stock Exchange (BSE), National Stock Exchange India, Nepal Stock Exchange, OTC Exchange India, Royal Securities Exchange Bhutan and Stock Exchange of Mauritius.

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SHANGHAI: China’s languishing securities industry is becoming increasingly vocal in its criticism of the central government for neglecting the nation’s stock markets in favour of focusing on the problems of the banking sector.
With the market in a two-year slump and many brokerages insolvent, both regulators and academics attached to official think-tanks say Beijing urgently needs new policies to restructure the market and listed companies.
The industry’s weakness was underlined by the news Friday that China’s brokerages had made a net loss of Rmb3.4 billion ($410 million, €340 million, £240 million) in the year to September, compared with Rmb3.7 billion for the whole of 2002, with three out of four houses in the red.
Officials say they are not asking for short-term policies to inflate artificially stock prices, as has happened in the past, but more fundamental reform.
“We cannot do without policies that support and coordinate the market’s development,” said China Securities Regulatory Commission (CSRC) Deputy Chairman Tu Guangshao.
A number of senior regulators were stung by a press interview with Wen Jiabao, the premier, who talked at length about the problems of China’s banks when questioned about financial reform while ignoring the stock market.
Stock markets usually provide a barometer of corporate performance and investor sentiment but in China they have become all but irrelevant to the country’s fast-growing economy.
“Perhaps our stock market is not a barometer of economic growth but of the defects of our whole system,” said Ba Shusong, of the cabinet’s finance institute.
The government appears to have been defeated by one of the market’s big problems - finding a way to unload the large holdings of state-owned shares held in listed companies.
About two-thirds of the shares of Chinese listed companies are non-tradeable but the government has not been able to sell them for fear that a deluge of new stock will cause prices to collapse.
The government has attempted to deal with the state shares on a number of occasions but has pulled back each time, leaving the market in limbo.
In the absence of an active market, companies have had to rely solely on the largely inefficient banks for capital, or go overseas.
In the meantime, the CSRC has been trying to clean up securities companies, with more industry executives, from Xinhua Trust and China Eagle Securities, arrested this week over losses generated in speculative share trades.

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HONG KONG, Dec 1 (AFP): Asian shares rose Monday on hopes for an economic recovery with Tokyo and Hong Kong setting the pace for the region.
Tokyo was higher with investors viewing the government’s bailout of an insolvent bank as positive, while Hong Kong followed suit after stronger than expected economic growth data Friday last week.
TOKYO: Japanese share prices closed sharply higher, putting on 3.0 per cent on hopes for an economic recovery and a positive response to the government’s decision to bailout insolvent regional lender Ashikaga Bank.
The Tokyo Stock Exchange’s Nikkei-225 index rose 302.70 points to end at 10,403.27 after a wobbly start following the news of the weekend rescue of Ashikaga, with the index touched an intraday low of 9,911.92.
The broader Topix index of all first section shares rose 2.1 per cent or 20.77 points to 1,020.52.
The bank’s holding company Ashikaga Financial Group’s shares plunged 37 per cent or 30 yen, the maximum daily limit, to 51 yen but other banks, including even regional banks, gained.
HONG KONG: Hong Kong share prices closed 1.13 per cent higher to hit their highest closing level for more than two years as investors reacted to a sharp rally in Tokyo.
The key Hang Seng Index gained 139.52 points to close at 12,456.99, the highest close since the market finished at 12,478.74 on August 1, 2001.
SINGAPORE: Singapore share prices closed 1.38 per cent higher in line with an upturn on most regional markets.
The Straits Times Index climbed 23.75 points to finish at 1,737.75 while the broader All Singapore Equities index added 5.24 points to end at 469.56.
SEOUL: South Korean share prices closed higher on active buying by foreign and institutional investors on growing hopes for an economic recovery backed by stronger overseas demand.
The composite index closed up 11.21 points or 1.41 per cent at 807.39.
KUALA LUMPUR: Malaysian share prices rose 1.45 per cent as investors came back into the market after last week’s Eid al-Fitr holiday.
The Kuala Lumpur Stock Exchange composite index closed up 11.28 points at 790.56.
TAIPEI: Taiwan share prices closed 1.70 per cent higher, led by financial stocks in a continuing technical rebound as investors opted to downplay political concerns over relations with Beijing.
The weighted index closed up 98.40 points at 5,870.17, off a low of 5,752.15 and a high of 5,878.13.
MANILA: Philippine share prices closed 0.56 higher as select stocks staged a technical bounce after recent declines and as the peso steadied.
The Philippine Stock Exchange composite index added 7.39 points to 1,321.26, having traded between 1,314.43 and 1,329.60.
BOMBAY: Indian stocks surged 2.30 per cent on aggressive foreign fund buying in most sectors amid a new easing of tension between India and Pakistan, which have agreed to restore air links.
The Bombay Stock Exchange’s 30-share index closed up 116.03 points at 5,160.85.
BANGKOK: The Thai stock market fell 0.76 per cent due to profit-taking in the contruction and communication sectors amid sluggish trading.
The Stock Exchange of Thailand (SET) composite index shed 4.88 points to close at 641.15 while the blue-chip SET 50 index was off 0.15 points at 38.25.
JAKARTA: Indonesian share prices rose 2.08 per cent in line with gains in regional markets and spurred by foreign buying of blue chips.
The Jakarta Stock Exchange composite index closed up 12.856 points at 629.940.
SHANGHAI: Chinese share prices closed 2.56 per cent higher led by blue chips, with investor sentiment buoyed by the government’s commitment to a continuity of economic policies for 2004.
The Shanghai A-share Index was 37.40 points higher at 1,499.34 while the Shenzhen A-share Index rose 7.98 points or 2.07 per cent to 393.81.

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TOKYO, Dec 1 (Reuters): Bonds issued by the Japanese banks showed muted reaction Monday to the failure of regional lender Ashikaga Bank amid relief that its debt issuance, including subordinate bonds, will be unaffected.
There were initial nerves in financial markets at the government’s weekend decision to nationalise Ashikaga, the core unit of Ashikaga Financial Group based in Tochigi prefecture north of Tokyo.
But the spread of closely watched five-year bank debentures issued by the corporate bank of Mizuho Financial Group Inc., the world’s biggest bank by assets, was flat from late last week at 21-22 basis points over the corresponding maturity of Japanese government bonds (JGBs).
Traders said the muted reaction was because Ashikaga’s subordinated bonds are to be protected by the government.
“There was no market influence,” said Takashi Miura, vice president at Goldman Sachs’ credit research section.
“The market was reliefed that Ashikaga’s subordinated bonds will be protected.
This is a plus factor, but the spread has already tightened. There was no big reaction,” he said.
A financial crisis meeting called by Prime Minister Junichiro Koizumi Saturday after Ashikaga was found to be insolvent decided to nationalise it, making its shares worthless.
The market had anticipated a shareholder-friendly rescue as happened six months ago in a bailout of Resona, the nation’s fifth-largest bank, after its capital fell below required levels.
The credit default swap market was closely watching for possible effects on the banking sector, but that market also showed little reaction.
Credit default swaps, the most liquid type of credit derivatives, are insurance-like tools that allow investors to hedge or gain from the risk of an issuer defaulting on a loan or a bond.

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SEOUL, Dec 1 (Reuters): South Korea’s top carmaker, Hyundai Motor, has reported an 11.5 per cent rise in November sales, as robust exports to the key US and European markets more than offset stumbling sales at home.
Many South Koreans are deferring car purchases, with fragile private spending slow to pick up and restraining the economy, which bounced out of recession in the third quarter.
But exports are growing on the back of a recovering global economy.
“The Sonata sedans led exports in the US market while the Click compact continues to sell well in Europe,” said Jake Jang, spokesman for Hyundai.
“We anticipate sluggish domestic demand to pick up after hitting a trough in January and February.”
Hyundai, 10 per cent owned by US-German automaker DaimlerChrysler, sold 184,887 vehicles in November, compared with 165,795 a year ago.
Exports rose 27.8 per cent to 135,832 and domestic sales slipped 17.6 per cent to 49,055. The figures include sales from Hyundai’s overseas plants.
Shares in Hyundai Motor were up 4.7 per cent at 47,750 won, against the broader market’s 1.8 percent rise.
Racy new models, improved quality and incentives such as extended warranties have helped make South Korea the world’s fifth-largest automobile producer behind the United States, Japan, Germany and France.
Auto makers have been one of the main engines of economic growth for South Korea, Asia’s fourth-largest economy.
Meanwhile, the Korea Automobile Manufacturers’ Association said last week new models, lower oil prices and a rebound in domestic demand would boost combined automobile output to a record 3.31 million next year.
The forecast for next year is up 8.4 per cent from this year’s estimate and reflects an expected 5.1 per cent growth in exports to 1.79 million, an official at the association said. Local sales were expected to rise 12.6 per cent to 1.52 million.

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As per audited accounts of the Co. as on 30-06-03, earning per share has been reported Tk. 1.01 against paid up capital of Tk.3.00 crore. After IPO the paid up capital of the Co. has been increased to Tk. 8.00 crore. — DSE Online

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The spot market tradings of the Rose Heaven Ball and the Prime Textile shares have been allowed with benefit from today (Tuesday) December 2, 03 to December 6, 03 as the book-closure will start from December 8, 03. — DSE Online


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The spot market tradings of the Sajib Knittwear and the Al-Amin Chemicals shares have been allowed with benefit from today (Tuesday) December 2, 03 to December 8, 03 as the book-closure will start from December 10, 03. — DSE Online

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The spot market tradings of the Renwick Jajneswar and the Gulf Foods share have been allowed from today (Tuesday) December 2, 03 to December 8, 03 as the book-closure will start from December 10, 03. — DSE Online

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The trading of the JAGO Corporation Limited shares has been allowed on the CSE from Monday (December 1, 03) under settlement category ‘A’. The Scrip ID is 32016, Scrip Code is JAGO, Market Lot is 50, Face Value is Tk 100, Tick Price is Tk .25. No circuit breaker will be applicable in trading of the scrip for the next five market days. — CSE Online

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