Stocks witness upward trend

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Economic Reporter :
Stocks Thursday finished the week down with falling trends of all major price indices at Dhaka and Chittagong Stock Exchanges as the daily transactions declined amid volatility in large-cap securities.
The broader DSEX of the DSE finished the week with 45.05 points down at 5,230.79. The blue-chip DS30 and Shariah DSES also followed the same trend with 33.14 points down at 1,851.35 and with 22.74 points down at 1,197.56 respectively. Out of the 353 issues traded on DSE, 122 gained against 195 losing issues. During the week, the daily average trade value declined by 31.86 per cent to Taka 292.30 crore and the average trade volume fell by 18.68 per cent to 10.33 crore shares when majority of the traded issues closed up.
The top five gainers of the week were United Insurance Company, IFIC Bank, LR Global Bangladesh Mutual Fund One, Bank Asia and Popular Life Insurance Company.
The major losing issues of the week were Fortune Shoes, BRAC Bank, Bangladesh Shipping Corporation, Power Grid Company of Bangladesh and Oimex Electrode Limited.
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