Prime Finance Mutual Fund rockets on debut trading

Share price of the Prime Finance 1st Mutual Fund on its debut on Tuesday surged by 616 per cent to close Tk 71.60 at the Dhaka Stock Exchange.
The mutual fund also topped the turnover leaders on the day with a total transaction of Tk 36.85 crore. Face value of
each share of this fund is Tk 10.
A DSE stockbroker said share price of the issue surged as investors rushed for the mutual fund’s units on its debut trading day at the secondary market.
Dhaka stocks, however, finished lower.
The stockbroker said price adjustment of Mercantile Bank after its corporate benefits contributed to the fall.
The DSE general index, DGEN, lost 15.12 points, or 0.57 per cent, to close at 2,637.99, while its blue chips index, DS20, shed 15.46 points, or 0.72 per cent, to finish at 2,102.26.
Of the total 258 issues traded, 82 advanced, 169 declined and seven remained unchanged.

The New Age