BSS, Dhaka :
Trading at Dhaka Stock Exchange (DSE) eased up Thursday to finish the week positive with the broader and the blue-chip indices closing in the black zone.
The DSEX closed the week at 4772.55 with 15.95 points gain when the DS30 ended with marginal rise to 1760.89.
The Shariah DSES, however, closed in red at 1106.85. The market was in favour of sellers when shares of 162 companies closed higher among 302 issues traded.
The major gainers at the closing sessions of the week included Kohinoor Chemical, SA Port, ACI Formulation, DBH and Takaful Islami Insurance.
The IDLC Investment Limited attributed the upward move of the market to the positive news on the major economic front. “Bright economic future of Bangladesh is further enforced, with ADB (Asian Development Bank) and Chevron’s signal of sizeable investments in the coming days.
Alongside, BMBA’s (Bangladesh Merchant Bankers Association) recent clarification regarding its proposals helped the market stabilize.” The BMBA said on Wednesday that it would not pursue any of their proposals that could affect the country’s capital market.
The merchant bankers also said that it would work for ensuring sound financial footing and better corporate governance through re-capitalisation.
The gain to the majority of the scrips at the week’s closing session were, however, moderate as investors remained cautious in making fresh investment in share market while some were moving to government securities like saving certificates of various types and maturities.
The wave of lackluster trading from the beginning of the week cut the daily trade value significantly, which fell to Taka 263 crore for 6.56 crore shares on Thursday.
Due to the dull trading, 105 issues were on the lagging side, led by KBPPWBIL, Progressive Life, Sonali Ansh, Popular Life and Gemini Sea.
Investors kept focusing on large-cap scrips including Beximco, Squire Pharma, Western Marine Ship Yard, SA Port, Jamuna Oil and Lafarge Surma.
Trading at Dhaka Stock Exchange (DSE) eased up Thursday to finish the week positive with the broader and the blue-chip indices closing in the black zone.
The DSEX closed the week at 4772.55 with 15.95 points gain when the DS30 ended with marginal rise to 1760.89.
The Shariah DSES, however, closed in red at 1106.85. The market was in favour of sellers when shares of 162 companies closed higher among 302 issues traded.
The major gainers at the closing sessions of the week included Kohinoor Chemical, SA Port, ACI Formulation, DBH and Takaful Islami Insurance.
The IDLC Investment Limited attributed the upward move of the market to the positive news on the major economic front. “Bright economic future of Bangladesh is further enforced, with ADB (Asian Development Bank) and Chevron’s signal of sizeable investments in the coming days.
Alongside, BMBA’s (Bangladesh Merchant Bankers Association) recent clarification regarding its proposals helped the market stabilize.” The BMBA said on Wednesday that it would not pursue any of their proposals that could affect the country’s capital market.
The merchant bankers also said that it would work for ensuring sound financial footing and better corporate governance through re-capitalisation.
The gain to the majority of the scrips at the week’s closing session were, however, moderate as investors remained cautious in making fresh investment in share market while some were moving to government securities like saving certificates of various types and maturities.
The wave of lackluster trading from the beginning of the week cut the daily trade value significantly, which fell to Taka 263 crore for 6.56 crore shares on Thursday.
Due to the dull trading, 105 issues were on the lagging side, led by KBPPWBIL, Progressive Life, Sonali Ansh, Popular Life and Gemini Sea.
Investors kept focusing on large-cap scrips including Beximco, Squire Pharma, Western Marine Ship Yard, SA Port, Jamuna Oil and Lafarge Surma.
