Stocks close first week of 2017 with bullish trend

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BSS,Dhaka :
Stock markets closed the first week of the new year 2017 with bullish trend on Thursday for the ten consecutive sessions on higher transaction.
DSEX, the major price index of DSE, added 146.2 points over the week at 5,182.25 which was the highest after October 21, 2014 when it closed at 5,233.82. The blue-chip DS30 and the DSES ended over 42.35 and 21.66 points up at 1864.24 and 1222.19 respectively.
The daily trade value increased to Taka 1,245.49 crore from the previous week’s Taka 993.70 crore and the volume rose to 39.13 crore shares from 38.93 crore shares of the last session of the week.
The last session of the week traded 326 issues, 260 were from the large-cap group. One hundred Eighteen issued of the large cap group advanced out of the day’s total 147 gaining ones, other 138 scrips from this category suffered losses while the total losing issues on DSE was 110.
The day’s major gainers were Rangpur Foundry, HR Textile, RSRM Steel, Renwick Ja, and Ifad Autos. The most losing securities were Salam Cold, RN Spinning, Samorita Hospital, National Tubes and Paramount Textile. Beximco Limited topped the turnover list followed by Ifad Autos, Saif Power, RSRM Steel and Desco.
Like DSE, most of the issues traded here closed higher when both the trade value and volume of shares increased significantly.

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