Stocks close week up on modest buying activities

Major gaining sectors of the week were bank, textile, NBFI and cement while the major losing sectors were mutual fund, food and allied

Stock markets closed the week upward on modest participation of both institutional and individual buyers. All the major indices at the country’s twine bourses ended in green, reports BSS.
The DSEX index of Dhaka Stock Exchange (DSE) ended the last trading day of the week 5.7 points up at 4573.75 yesterday, which was over 24 points higher than the closing of the previous week. Similarly, the blue-chip DS30 ended week up at 1729.64 and the Shariah DSES at 1101.15.
“Market passed a volatile period this week with increased sell pressure as investors prompted to cash in on stocks and remain in sideline amid weak economic condition. Though stocks made a positive penning,
quick correction in the middle of the week eroded the early gain,” said the Lanka Bangla Securities Limited.
The activities remained low in majority of the sessions, but the average trade value tallied 22.64 per cent higher at Tk 439.21 crore when the average trade volume rose by 32.15 per cent to 12.58 crore as some high value scrips were traded voluminously.
The major gaining sectors of the week were bank gained (2.45 per cent), textile (1.66 per cent), NBFI (0.97 per cent) and cement (0.51 per cent).
The major losing sectors were mutual fund (-5.67 per cent) and food and allied (-0.66 per cent).
The top gaining companies were ISNLTD (30.4 per cent), OAL (26.1 per cent), Al-Arafa Islami Bank (25.2 per cent) and MI Cement (19.7 per cent).
The top losing companies were BD Autocars (-19.7 per cent), Gemini Sea (-17.3 per cent) and Modern Dye (-13.8 per cent).
Like DSE, Chittagong Stock Exchange (CSE) closed week upward, with all the price indices ending in green yesterday.
The major CSCX closed the week 15.85 points up at 8507.23.

Stocks close week up on modest buying activities

Major gaining sectors of the week were bank, textile, NBFI and cement while the major losing sectors were mutual fund, food and allied

Stock markets closed the week upward on modest participation of both institutional and individual buyers. All the major indices at the countrys twine bourses ended in green, reports BSS. The DSEX index of Dhaka Stock Exchange (DSE) ended the last trading day of the week 5.7 points up at 4573.75 yesterday, which was over 24 points higher than the closing of the previous week. Similarly, the blue-chip DS30 ended week up at 1729.64 and the Shariah DSES at 1101.15. Market passed a volatile period this week with increased sell pressure as investors prompted to cash in on stocks and remain in sideline amid weak economic condition. Though stocks made a positive penning, quick correction in the middle of the week eroded the early gain, said the Lanka Bangla Securities Limited. The activities remained low in majority of the sessions, but the average trade value tallied 22.64 per cent higher at Tk 439.21 crore when the average trade volume rose by 32.15 per cent to 12.58 crore as some high value scrips were traded voluminously. The major gaining sectors of the week were bank gained (2.45 per cent), textile (1.66 per cent), NBFI (0.97 per cent) and cement (0.51 per cent). The major losing sectors were mutual fund (-5.67 per cent) and food and allied (-0.66 per cent). The top gaining companies were ISNLTD (30.4 per cent), OAL (26.1 per cent), Al-Arafa Islami Bank (25.2 per cent) and MI Cement (19.7 per cent). The top losing companies were BD Autocars (-19.7 per cent), Gemini Sea (-17.3 per cent) and Modern Dye (-13.8 per cent). Like DSE, Chittagong Stock Exchange (CSE) closed week upward, with all the price indices ending in green yesterday. The major CSCX closed the week 15.85 points up at 8507.23.