UNB, Dhaka :
Key share price index at the country’s premier bourse, Dhaka Stock Exchange (DSE), experienced downtrend for third consecutive week showing a loss of 32.85 points.
The DSE benchmark index, DSEX, closed the week at 4823.57 points, dropping 32.85 points or 0.68 percent. DSEX closed the previous week at 4856.42 points, shedding 76.61 points or 1.55 percent.
The DSE Shariah index, DSES, dropped 6.14 points or 0.54 percent, to close at 1138.69 points in the week.
The daily average turnover at the DSE during the week was Tk 224.78, down 5.85 percent from the previous week.
IDLC Finance on the last trading day (Wednesday) said, “While market struggled to remain positive, waves of sell pressure beat it down, in frequent intervals, causing it to close flat.”
“In the meanwhile, ahead of year end, investors remained cautious amid some fear of volatility in the political landscape,” the merchant bank added.
LankaBangla Securities said, “Fear of political instability and dull participation ahead of year end dragged the market down.”
“Industrial inactivity ahead of the year end might be the reason for this lackluster participation. The week’s trading session was cut short by one day due to the holiday of Christmas,” the stockbroker said.
Telecommunication sector performed well on the week registering 2.54 percent return followed by Cement 2.40 percent, and Jute 1.70 percent.
Ceramic took the most hit losing 6.7 of market cap during the week followed by Paper & Printing 4.93 percent and Service & Real Estate 4.12 percent.
Of the 318 issues traded at the DSE last week, 89 gained, 198 suffered loss and 27 remained unchanged.
Lafarge Surma Cement dominated the week’s top turnover chart with shares worth Tk 38.27 crore, followed by Square Pharma Tk 26.62 crore, BEXIMCO Pharma Tk 26.36 crore, and Grameenphone Tk 24.83 crore.
The week’s top gainer was EXIM Bank 1st Mutual Fund with a rise of 11.86 percent, followed by Stylecraft 9.07 percent, Emerald Oil Industries 7.07 percent, EBL NRB Mutual Fund 6.82 percent, and Dutch-Bangla Bank 6.56 percent.
Top losers at the DSE last week were Jute Spinners, Shyampur Sugar Mills, Keya Cosmetics, Zeal Bangla Sugar Mills and Safko Spinning.
Key share price index at the country’s premier bourse, Dhaka Stock Exchange (DSE), experienced downtrend for third consecutive week showing a loss of 32.85 points.
The DSE benchmark index, DSEX, closed the week at 4823.57 points, dropping 32.85 points or 0.68 percent. DSEX closed the previous week at 4856.42 points, shedding 76.61 points or 1.55 percent.
The DSE Shariah index, DSES, dropped 6.14 points or 0.54 percent, to close at 1138.69 points in the week.
The daily average turnover at the DSE during the week was Tk 224.78, down 5.85 percent from the previous week.
IDLC Finance on the last trading day (Wednesday) said, “While market struggled to remain positive, waves of sell pressure beat it down, in frequent intervals, causing it to close flat.”
“In the meanwhile, ahead of year end, investors remained cautious amid some fear of volatility in the political landscape,” the merchant bank added.
LankaBangla Securities said, “Fear of political instability and dull participation ahead of year end dragged the market down.”
“Industrial inactivity ahead of the year end might be the reason for this lackluster participation. The week’s trading session was cut short by one day due to the holiday of Christmas,” the stockbroker said.
Telecommunication sector performed well on the week registering 2.54 percent return followed by Cement 2.40 percent, and Jute 1.70 percent.
Ceramic took the most hit losing 6.7 of market cap during the week followed by Paper & Printing 4.93 percent and Service & Real Estate 4.12 percent.
Of the 318 issues traded at the DSE last week, 89 gained, 198 suffered loss and 27 remained unchanged.
Lafarge Surma Cement dominated the week’s top turnover chart with shares worth Tk 38.27 crore, followed by Square Pharma Tk 26.62 crore, BEXIMCO Pharma Tk 26.36 crore, and Grameenphone Tk 24.83 crore.
The week’s top gainer was EXIM Bank 1st Mutual Fund with a rise of 11.86 percent, followed by Stylecraft 9.07 percent, Emerald Oil Industries 7.07 percent, EBL NRB Mutual Fund 6.82 percent, and Dutch-Bangla Bank 6.56 percent.
Top losers at the DSE last week were Jute Spinners, Shyampur Sugar Mills, Keya Cosmetics, Zeal Bangla Sugar Mills and Safko Spinning.
