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by Dwijendra Nath Saha. The Independent Election fever has gripped the Dhaka Stock Exchange (DSE) as the poll date to elect four councillors nears. Seven members of the DSE are in the race for four councillor posts of the DSE Council, the apex body of the bourse. The campaigning is getting momentum at a time when transactions at the bourse has increased a bit over the last few days compared with the last couple of months. The DSE Club has become the focal point for the election campaign. The candidates are trying to win over the voters at the Club particularly during the lunchtime, when most of the members go there for their lunch. This continues till evening even after trading ends at 2:30. The candidates are busy applying all possible techniques to win over the voters. They are seeking "blessings" visiting the rooms of the members at the DSE building and outside, as well as the residences of voters. Seven candidates vying for the four posts are: A S Shahidul Huque Bulbul of Bulbul Securities, Abdul Mannan of AR Chowdhury Securities, Abdul Haque of Royal Green Securities, Md Hanif Bhuiya of Rapid Securities, Ahmed Iqbal Hasan of Ahmed Iqbal Hasan and Co, AZM Nazimuddin of Sunrise Agencies and Faisal Kabir Chowdhury. The election, scheduled for March 20, is expected to be tough as the number of candidates has increased compared with that of the last two years. The number was five and six for four councillor posts for the last two years respectively while the number is seven this year. With the increase of the transaction at the bourse over the last week, the campaign is also hectic. The turnover in terms of value at the DSE has increased considerably, sources said. On Wednesday, the transaction touched over Tk 21 crore, Tk 14 crore the following day while it was above Tk 14 crore yesterday at the DSE. The turnover was almost limited within the range of Tk 7 crore over the last couple of months. As per the DSE statute, four out of the 12 elected members of the DSE Council retire every year. Election takes place every year to elect four new members for the next two years. Works of Tk 220 cr PDB projects progressing fast in Greater Rajshahi The Independent RAJSHAHI, Mar 9: The construction work of the Greater Rajshahi Electricity Supply Project (Phase 2) with an involvement of Taka 220 crore was progressing fast, official sources said today, BSS . While talking to BSS, the concerned officials said the project had been undertaken in the 1993 94 financial year with a view to supply electricity in the areas of Rajshahi City Corporation (RCC), Natore Pourasabha, Naogaon Pourasabha, Chapainawabgani Pourasabha and their respective adjoining areas smoothly. Local office of Power Development Board (PDB) is implementing the project. In the first phase, Indian credit worth Taka 22 crore was received during the 1995 96 fiscal year to implement the works of seven 33/11 KV sub stations and one 132/33 KV /25/33 MVA substations. Two new substations are being constricted at Rajshahi Airport and Pathanpara area in the town while two more substations at Katakhali and Shibagan areas in the city are being renovated. In Chapainawabganj Pourasabha, a new substation is being built at Battalahat area while that of the Huzrapur is being renovated. A new substation is being constructed at Naogaon bus terminal area. The work of two substations has already been completed and they were functioning while 90 per cent works of the rest five were finished, sources said. Another new 132/33 KV/25/33 MVA sub station was built and it has been operating since February 10 last at Katakhali area in the town. Some other major works under the same project will be implemented with the financial loan from the government of Kuwait. Two necessary agreements one between the Kuwait Government and the Government of Bangladesh (GOB) involving US dollar 18 million and the other between the GOB and PDB have already been signed for implementing the work. The implementation work is expected to start within the next few months after completing necessary formalities. The scheduled works included construction of a 56 kilometer long Ishwardi Rajshahi 132 KV electricity line, five more 13/11 KV sub stations in the project areas, 10 kilometer long 33/11 KV electricity supply line 907,42 kilometer long 11/0,4 KV and 0.4 KV new supply line, setting up of a 2485 meter long 3 phase energy meter and Very High Frequency (VHP) communication system. Total work of the project is scheduled to be finished within June 2003. Officials said after completion, the present system of electricity supply would be developed and the supply of electricity would be ensured in the project areas until the year about 2010, sources expected. Yesterday's market comment, The Independent Union capital Index (UCI) went up by 1.25 per cent to close the day at 192.84. Daily turnover also went up by 59.24 per cent to Tk 42.15 million. Twenty-eight UCI listed stocks traded yesterday, out of which 21 advanced, three declined while four remained unchanged. IDLC and ULC did not trade on the day. The top gainer for the day was ACI Ltd (+5.38 per cent) followed by Square Pharmaceuticals Ltd (+2.93 per cent). On the other hand, the major loser for the day was GQ Ballpen Ltd (-0.40 per cent), followed by Apex Food Ltd (-0.36 per cent). The Independent Trading at Dhaka Stock Exchange closed slightly higher yesterday, reports UNB. Weighted Average Share Price Index rose by 0.01 points or 0.002 per cent to close at 818.55 points from Thursday's 818.54 points. The DSE 20 index also gained 15.45 points or 1.58 per cent to close at 992.73 points from 977.28 points on Thursday. Of the 142 listed securities traded yesterday, 78 advanced, 39 declined and 25 remained unchanged. Some 3,959,376 shares and debentures valued at Tk 14.23 crore changed hands as against 3,144,690 shares worth Tk 16.13 on the previous day. Quasem Drycell (438,100), AIMS Ist Mutual Fund (327,500), Beximco Pharma (367,000), BD Online (262,500) and Raspit Data (233,500) were among the day's volume leaders. Market capitalisation stood at Tk 61.97 billion from Tk 61.69 billion on Thursday. The Independent Another report adds: As the gainers dominated the losers, price index at Chittagong Stock Exchange marked a rise yesterday. Trade Volume Weighted Index rose by 0.05 points or 0.0028 per cent to close at 1837.63 points from 1837.58 points on Thursday. The CSE Selective Index also increased by 12.84 points or 1.13 per cent to close at 1146.34 points from Thursday's 1133.50 points. Of the 61 listed securities traded yesterday, 35 gained, 19 declined and seven remained unchanged. Some 2,287,218 shares and debentures valued at Tk 6.99 crore were transacted as against 1,661,546 shares worth Tk 1.42 crore on the previous day. Market capitalisation stood at Tk 55.08 billion from Thursday's Tk 54.75 billion. Dhaka Stock Exchange Link International Stock Exchange Link |
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