Tanneries lead gains as stock suffers downfall

Bangladesh
Published:  18 August, 2015

As the Dhaka Stock Exchange ended lower for the third consecutive session on August 17, however tanneries were among the prominent market leaders.

The session started on a positive note but failed to keep up as profit booking on telecommunication, textile and construction material stocks forced the Stock to close lower.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), was down 15.79 points or 0.33% to settle at 4,768 on August 17.

Large-cap sectors showed a mixed performance with banks going up 1.09%. However, according to Sheltech Brokerage, the tanning sector led the top market cap gainers with 1.2% gain, while the least performing sectors registered a 1.9% loss. Tanneries showed the highest turnover increase of 320%.

Apex Tannery was among the top four turnover leaders, with a turnover value of BDT212 million (US$272 million) and posting a rise of 14.04% following its 45% cash dividend recommendation.

Source: The Financial Express

comments powered by Disqus