Economic Reporter :
Stock market closed the week upward of both institutional and individual buyers. The major indices at the countries twine stock exchanges ended in green.
The DSEX index of Dhaka Stock Exchange (DSE) ended the last trading day of the week 5.7 points up at 4573.75 on Thursday, which was over 24 points higher than the closing of the previous week. Similarly, the blue-chip DS30 ended week up at 1729.64 and the Shariah DSES at 1101.15.
“Market passed a volatile period this week with increased sell pressure as investors prompted to cash in on stocks and remain in sideline amid weak economic condition. Though stocks made a positive penning, quick correction in the middle of the week eroded the early gain,” said the Lanka Bangla Securities Limited.
The activities remained low in majority of the sessions, but the average trade value tallied 22.64 percent higher at Taka 439.21 crore when the average trade volume rose by 32.15 percent to 12.58 crore as some high value scrips were traded voluminously.
The major gaining sectors of the week were bank gained (2.45 percent), textile (1.66 percent), NBFI (0.97 percent) and cement (0.51 percent). The major losing sectors were mutual fund (-5.67 percent) and food and allied (-0.66 percent).
The top gaining companies were ISNLTD (30.4 percent), OAL (26.1 percent), Al-Arafa Islami Bank (25.2 percent) and MI Cement (19.7 percent).
The top losing companies were BD Autocars (-19.7 percent), Gemini Sea (-17.3 percent) and Modern Dye (-13.8 percent). Like DSE, Chittagong Stock Exchange (CSE) closed week upward, with all the price indices ending in green. The major CSCX closed the week 15.85 points up at 8507.23.
Stock market closed the week upward of both institutional and individual buyers. The major indices at the countries twine stock exchanges ended in green.
The DSEX index of Dhaka Stock Exchange (DSE) ended the last trading day of the week 5.7 points up at 4573.75 on Thursday, which was over 24 points higher than the closing of the previous week. Similarly, the blue-chip DS30 ended week up at 1729.64 and the Shariah DSES at 1101.15.
“Market passed a volatile period this week with increased sell pressure as investors prompted to cash in on stocks and remain in sideline amid weak economic condition. Though stocks made a positive penning, quick correction in the middle of the week eroded the early gain,” said the Lanka Bangla Securities Limited.
The activities remained low in majority of the sessions, but the average trade value tallied 22.64 percent higher at Taka 439.21 crore when the average trade volume rose by 32.15 percent to 12.58 crore as some high value scrips were traded voluminously.
The major gaining sectors of the week were bank gained (2.45 percent), textile (1.66 percent), NBFI (0.97 percent) and cement (0.51 percent). The major losing sectors were mutual fund (-5.67 percent) and food and allied (-0.66 percent).
The top gaining companies were ISNLTD (30.4 percent), OAL (26.1 percent), Al-Arafa Islami Bank (25.2 percent) and MI Cement (19.7 percent).
The top losing companies were BD Autocars (-19.7 percent), Gemini Sea (-17.3 percent) and Modern Dye (-13.8 percent). Like DSE, Chittagong Stock Exchange (CSE) closed week upward, with all the price indices ending in green. The major CSCX closed the week 15.85 points up at 8507.23.
