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The Financial Express

Stock market surge: MNCs see price hike up to 10.39pc

| Updated: August 13, 2022 09:44:21


Stock market surge: MNCs see price hike up to 10.39pc

With the stock market surge that continued throughout the last week, share prices of the listed multinational companies (MNCs) gained between 1.67 per cent and 10.39 per cent.

Buoyed by market-supportive measures taken by the securities regulator, the benchmark DSEX index of the Dhaka Stock Exchange (DSE) kept soaring for five consecutive sessions in a row, ending the week 331.74 points or 5.55 per cent higher at 6,312.25.

Following the reintroduction of 'floor price' on the first day of the last week, investors participation increased significantly, pushing the share prices of most listed securities, including the MNCs, higher.

Of the listed MNCs, LafargeHolcim Bangladesh saw the highest gain, as its share price closed at Tk 70.10 each on Thursday, up 10.39 per cent from the closing price of the previous week.

The share price of British American Tobacco Bangladesh advanced 1.67 per cent or Tk 8.5, closing the week at Tk 523.10 each.

Bata Shoe Company (Bangladesh) surged 5.47 per cent or Tk 50.60 to settle the week at Tk 974.10 each.

Berger Paints Bangladesh saw a price hike of 5.65 per cent in the last five sessions, ending at Tk 1804.30 each on Thursday.

The share price of RAK Ceramics (Bangladesh) closed at Tk 44.90 each on Thursday, up from Tk 42.20 in the week before.

The share price of Heidelberg Cement Bangladesh rose to Tk 183.50 each on Thursday from the previous week's closing price of Tk 173.50.

Unilever Consumer Care closed at Tk 2880 each on Thursday, up from Tk 2811.60 in the previous week.

The share price of Grameenphone advanced 4.90 per cent and closed at Tk 299.70 each on Thursday.

Marico Bangladesh closed at Tk 2479.60 each on Thursday, up from Tk 2430.10 in the previous week.

The share prices of Robi Axiata and Singer Bangladesh also advanced marginally in the last week.

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