BSS, Dhaka :
Dhaka Stock Exchange (DSE) finished a week positive amidst bullish trend on Thursday with all price indicators closing positive on significantly increased market activities.
The rise in the three indices of DSE at week’s close, however, was marginal as the general price index DSEX closed at 4486.19, the blue-chips DS30 at 1652.70 and the Shariah DSES at 1026.27.
The DSEX gained 1.47 percent over the week compared to the pre-Eid closing.
The most notable thing of the week was very active participation of buyers who took the daily trade volume to a new high with around 72 percent increase when the trade value rose by 9.0 percent.
Market opened on Sunday in red after Eid vacation, but the initial bearish trend evaporated shortly by the strong participation of a good number of buyers, who were seen busy in repositioning with high concentration to financial and manufacturing stocks.
As a result, life insurance and banking issues advanced considerably besides some stocks of food and allied and pharmaceuticals sectors.
The trade volume and value at the week’s close fell slightly to 12.70 crore shares of Taka 580 crore from Wednesday’s over 14 crore shares worth Taka 651.80.
Analysts attributed the fall to the stock specific focus of the investors that pulled large-cap scrips up by around 2.0 percent.
Driven by the investors’ thrust for large-cap shares some most active issues like Grameen Phone and MJL Bangladesh demonstrated robust performance with 5.20 and 4.08 percent gain respectively.
Telecommunication and food and allied also performed well with 4.95 percent and 1.67 percent gain accordingly.
At the last session of the week, share prices of 139 companies suffered loss when 125 gained and 32 remained unchanged. Pharmaceuticals and fuel and power companies captured 38.09 percent of the day’s total trade.
Among the lagging scrips, life insurance sector was the worst victim of profit-booking selling after witnessing steady rise in the past couple of trading sessions.
Share price of Prime Bank also incurred over 5.0 percent loss after Bangladesh Bank (BB) revoked its mobile banking permission on ground of gross irregularities.
