Stocks cross upper level to close week

Dhaka,  Sun,  04 December 2016
Published : 13 Oct 2016, 23:12:03 | Updated : 13 Oct 2016, 23:13:12

Stocks cross upper level to close week

Stocks cross upper level to close week
Stock market closed week on Thursday with recovery trend while the broader index at the country's premier bourse crossed the upper level again.

DSEX, the main index of the Dhaka Stock Exchange (DSE), dropped to 4689.31 on Monday, the last trading day before a two-day holiday for Durga Puja and Holy Ashura.

The marker saw low transaction at the last trading session of the week, but the price indices regained on voluminous trade of the large-cap securities from power, banking and engineering sectors. 

The large-cap vibe drove the DSEX to cross 4700-point mark and settled at 4701.31. The blue-chip DS30 and Shariah DSES also recovered marginally to end the week at 1767.55 and 1123.59 accordingly. 

Compared to last week close, all the indices finished this week lower when market saw sharp fall in share transaction. Overall performance during the week was mixed when some finance, consumers and service sectors' securities supported the market amid sell pressure on some large cap securities.

The daily average trade value during the week fell by 12.81 percent to Taka 471.94 crore when the average trade volume decreased by over 48.0 percent to 15.28 crore shares. Chittagong Stock Exchange (CSE) also closed the week up, with its CASPI closing 26.34 points higher at 1443.77.

The week's top five gainers are Desh Garment, NHFI, National Insurance, Standard Ceramic and Stylecraft. The major losers were Savar Ref, BSRM Mills, BSRM Limited, Midas Finance and Zeal Bangla. 

The most liquid shares were BSRM Mills, Singer Bangladesh, Summit Power, MJLBD and National Bank, according to a news agency.

 
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