Business Desk :
The Dhaka Stock Exchange ended its losing streak after two weeks spurred by the renewed regulatory efforts.
The measures taken by the Bangladesh Securities and Exchange Commission to boost the investor confidence overshadowed the worries about the gloomy macroeconomic outlook, dealers say.
In the past week ended on Thursday, the benchmark DSEX index was up 77 points or 1.2 per cent to close at 6,662, recovering from 172 points lost in the previous two sessions.
“The equity indices of the Dhaka bourse witnessed a positive week as participation from institutional investors at the later part of the week changed the course of the falling market and pushed the index upward,” said EBL Securities in a note.
“BSEC has taken several steps which acted as a catalyst to calm the nerves of the investors and encourage their participation in the market,” it said.
The lower circuit breaker limit has been expanded to 5 per cent from the 2 per cent imposed earlier, which can mitigate the liquidity crisis of the market to some extent, it added.
Average turnover stood at Tk 5.49 crore, slightly down 3 per cent from Tk 566 crore of the previous week.
Investors were mostly active in miscellaneous (21.7per cent ), pharmaceuticals & chemicals (10.7per cent ) and engineering (9.5per cent ) sectors.
Most of the sectors witnessed positive performances out of which financial institutions (3.1 per cent ), services & real estate (3.1per cent ) & miscellaneous (2.7 per cent ) witnessed the highest price appreciations while jute (-2.0 per cent ), general insurance (-1.2 per cent ) and life insurance (-0.5 per cent ) witnessed the most price corrections. The week’s top gainers included JMI Hospital Requisite Manufacturing Ltd, Bangladesh Shipping Corporation, IPDC Finance, NRB Commercial Bank, Taufika Foods and Lovello Ice-cream, Intech, Quasem Industries, and Beacon Pharmaceuticals. The most traded stocks were Beximco Ltd, JMI Hospital Requisite Manufacturing Ltd, Bangladesh Shipping Corporation, Sonali Paper, Aman Feed, IPDC, Lafarge Holcim Bangladesh, Fortune Shoes, Square Pharmaceuticals and BDCOM Online.
