Dhaka, Bangladesh (BBN) – Lafarge Surma Cement — a ‘Z’ category company — dominated the week’s top turnover chart in the Dhaka Stock Exchange (DSE) last week that ended Thursday.
A total of 17.02 million shares were traded worth BDT 1.24 billion changing hands during the week. The company’s share price shot up by 13.28 percent within a week. Each share price was BDT 69.20 at the opening of the week and closed at BDT 78.5 end of the week.
The company listed in the Dhaka bourse in 2003. The market lot is 500 shares. Of the total shares, 70.06 per cent in sponsor/directors hands while rest of 29.94 per cent in public.
Overall the cement sector topped the week’s gainer chart. Cement sector was up by 8.45 percent fueled by news of government’s allocation BDT 81 billion for Padma Bridge in upcoming budget.
“With supportive news of foreign fund release to annual development programme (ADP) and few developments in the Padma Bridge construction, cement sector was at the centre of investors’ attention, last week,” said a market insider.
After Lafarge Surma cement, the week’s other top turnover leaders were GrameenPhone worth BDT 513.62 million, Square Pharma BDT 484.75 million, BSRM Steels BDT 369.74 million, Mercantile Bank BDT 347.73 million, Heidelberg Cement 332.09 million, Familytex BDT 315.73 million, Eastern Housing BDT 306.38 million, Meghna Petroleum BDT 298.52 million and Olympic Industries worth BDT 284.54 million changing hands.
BBN/SSR/AD-30May14-9:30 pm (BST)
