A view of Dhaka Stock Exchange. Photo: BBN

Dhaka, Bangladesh (BBN)– Bangladesh’s National Bank Limited dominated the transaction chart of the Dhaka Stock Exchange (DSE) last week that ended on Thursday as investors grabbed its share amid optimism.

Turnover, the crucial indicator of the market, stood at nearly BDT 61.05 billion on the DSE, which was 0.96 percent lower than the week before.

The most active shares in terms of value included National Bank, First Security Islami Bank, IFIC Bank, Al-Arafah Islami Bank, LankaBangla Finance, Exim Bank, City Bank, Summit Power, Uttara Bank and Prime Bank.

According to the statistics available with the DSE, about 180.16 million shares of National Bank were traded, generating a turnover of nearly BDT 2.73 billion during the week. It was 4.47 percent of the week’s total turnover.

The daily average turnover of the company was BDT 546 million.

The bank’s share price closed at BDT 15.50 on Thursday, the last trading day of the week, advancing 12.32 percent over the previous week.

The bank, which was listed on the Dhaka bourse in 1984, disbursed 20 percent stock dividend for the year ended on December 31, 2016.

The bank’s paid-up capital is BDT 23.70 billion and authorized capital is BDT 30 billion while total number of securities is 2.37 billion.

Sponsor-directors own 27.95 percent stake in the bank, while institutional investors own 21.07 percent, foreign investors 3.40 percent and the general public own 47.58 percent as on August 31, 2017, the DSE data shows.

National Bank was, closely followed First Security Islami Bank, with shares of BDT 1.80 billion changing hands, followed by IFIC Bank BDT 1.76 billion, Al-Aarafah Bank BDT 1.75 billion, LankaBangla BDT 1.46 billion and Exim Bank 1.40 billion.

The City Bank was also included in the top turnover chart with shares of BDT 1.23 billion changing hands, followed by Summit Power BDT 1.19 billion, Uttara Bank BDT 1.18 billion and Prime Bank BDT 1.16 billion.

BBN/SSR/SR