GP gains amid early session indices advancement
Grameenphone was the most traded stocks with shares worth Tk19 crore after the news of court order asking (GP) to pay Tk1,000 crore to the Bangladesh Telecommunication Regulatory Commission (BTRC) broke
Stocks indices advanced in the forenoon today although the trading floor at the Dhaka Stock Exchange (DSE) saw shares of 153 listed companies decline while those of 148 companies increase.
As the Appellate Division passed an order this morning for mobile operator Grameenphone (GP) to pay Tk1,000 crore to the Bangladesh Telecommunication Regulatory Commission (BTRC), its shares shot up 3 percent.
By 12:40pm, Grameenphone was the most traded stocks, with shares worth Tk19 crore.
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Earlier on February 19, Grameenphone offered to pay the BTRC Tk100 crore to continue dialogues over its disputed audit claim.
However, the prime index of the Dhaka Stock Exchange (DSEX) rose over 17 points, while the Chittagong Stock Exchange All Share Price Index (CASPI) of the port city's bourse increased by 70 points to stand at 14,625 at 12:40pm.
After more than two hours of trading, the DSEX went up by 0.36 percent to stand at 4,775 points.
The DS30 index, comprising blue chips, rose 2 points to reach at 1,602 while the Shariah Index gained 9 points to stand at 1,096.
Turnover, one of the important indicators of the market, stood at Tk420 crore.
According to brokers, the government's special fund support, lowering deposit rates in banks and postal savings schemes boosted confidence of investors.
