Economic Reporter :
‘Trading was mostly concentrated on three sectors-engineering, bank and textile-that made up 42% of the week’s average turnover’.
Stocks gained steadily in the past week to notch a fourth week of gains, with a rally in financial and telecom shares.
The week was marked by the two very vital events for the market – firstly, the key DSEX index broke a strong resistance at 4,720-level on its way to the year’s highest, and secondly, it witnessed the highest daily turnover in five years.
During the week that ended on Thursday, the Dhaka Stock Exchange (DSE) benchmark index DSEX gained over 90 points or 1% to finish the week at 4,791-its highest level since October 7 last year when it was 4,800.
However, the blue-chip DS30 index saw small gains of 11 points or 0.7% to 1,769 and the DSE Shariah Index DSES rose marginally 10 points or about 1% to 1,133.
The Chittagong Stock Exchange (CSE) Selective Categories Index, CSCX, surged 156 points or 1.8% to 8,962. The fourth session of the week came to spotlight because of the five-year high turnover on the DSE to nearly Tk15,000 crore boosted by the private sector power generation company KPCL block-transaction of Tk828 crore, accounting for 21% of the week’s average turnover.
‘Trading was mostly concentrated on three sectors-engineering, bank and textile-that made up 42% of the week’s average turnover’.
Stocks gained steadily in the past week to notch a fourth week of gains, with a rally in financial and telecom shares.
The week was marked by the two very vital events for the market – firstly, the key DSEX index broke a strong resistance at 4,720-level on its way to the year’s highest, and secondly, it witnessed the highest daily turnover in five years.
During the week that ended on Thursday, the Dhaka Stock Exchange (DSE) benchmark index DSEX gained over 90 points or 1% to finish the week at 4,791-its highest level since October 7 last year when it was 4,800.
However, the blue-chip DS30 index saw small gains of 11 points or 0.7% to 1,769 and the DSE Shariah Index DSES rose marginally 10 points or about 1% to 1,133.
The Chittagong Stock Exchange (CSE) Selective Categories Index, CSCX, surged 156 points or 1.8% to 8,962. The fourth session of the week came to spotlight because of the five-year high turnover on the DSE to nearly Tk15,000 crore boosted by the private sector power generation company KPCL block-transaction of Tk828 crore, accounting for 21% of the week’s average turnover.
