Stocks end week with all sessions in red

Stock market closed a week yesterday with all sessions ending in red due to dull trade and negative propaganda about the prospect in share investment, reports BSS.
The broader price index of Dhaka Stock Exchange (DSE) lost around 84 points this week compared to that of the previous week while the DSEX closed at 4573.58, the blue-chip DS30 at 1729.15 and the Shariah DSES at 1102.59.
"Continuing the downward trend of the previous week, the benchmark broke the support at 4,600 and reached to a new support at 4570," said Lanka Bangla Securities Limited.
The average daily turnover at DSE declined by 26.8 per cent to Tk 430.44 crore and the volume by 30.33 per cent to 7.01 crore shares.
The DSE authorities at a press conference yesterday said that some misinformation were mostly responsible for the recent fall of share prices at the country's share market.
DSE acting managing director Abdul Matin Patwari told journalists the market suffered harmful impact from some negative statements (about the stock market), which were also causing loss to the share investors.
"So, the statements and the information are confusing and baseless that there has been no long-term investment in the capital market," Patwari said with an oblique reference.

 

Stocks end week with all sessions in red

Stock market closed a week yesterday with all sessions ending in red due to dull trade and negative propaganda about the prospect in share investment, reports BSS. The broader price index of Dhaka Stock Exchange (DSE) lost around 84 points this week compared to that of the previous week while the DSEX closed at 4573.58, the blue-chip DS30 at 1729.15 and the Shariah DSES at 1102.59. Continuing the downward trend of the previous week, the benchmark broke the support at 4,600 and reached to a new support at 4570, said Lanka Bangla Securities Limited. The average daily turnover at DSE declined by 26.8 per cent to Tk 430.44 crore and the volume by 30.33 per cent to 7.01 crore shares. The DSE authorities at a press conference yesterday said that some misinformation were mostly responsible for the recent fall of share prices at the countrys share market. DSE acting managing director Abdul Matin Patwari told journalists the market suffered harmful impact from some negative statements (about the stock market), which were also causing loss to the share investors. So, the statements and the information are confusing and baseless that there has been no long-term investment in the capital market, Patwari said with an oblique reference.