Stocks finish week upward

Stock market finished the week yesterday in upward trend, with all major indices of Dhaka and Chittagong stock exchanges closing marginally higher, reports BSS.
The daily transaction also rose marginally as some investors renewed their commitment.
DSEX, the broader index of Dhaka Stock Exchange (DSE), ended the week at 4381.46, 15.21 points up over Wednesday’s close.
The Shariah DSES and blue-chip DS30 also followed the broader index, with finishing in green at 1078.91 and 1714.38 respectively.
Chittagong Stock Exchange (CSE) also ended the week in green, with its broader CASPI rising by 26.94 to 13460.33.
Compared to last week, the DSEX, however, ended nearly 14 points lower when the DS30 and the DSES lost around 15 and 2 points respectively.
During the week, investors were watchful about the revised budget as it would decide whether government considers the demands of business bodies.
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) urged the National Board of Revenue (NBR) to raise the tax-free income limit for individual taxpayers, cut tax at source on export and withdraw advance income tax on import.
All the major sectors including bank, fuel and power and pharmaceuticals showed rising tend at the closing of the week when cement, food and allied and textile sectors closed lower.
The average daily trade value at DSE was 17.90 per cent down at Tk 323.79 crore, but the trade volume rose by 7.53 per cent to 11.41 crore shares.
The top five gainers of the week were National Feed, Dragon Sweater, Global Heavy Chemical, Green Delta and Apex Spinning. The major losers included Rupali Bank, BD Thai, Padma Islami Life, GQ Ball Pen and Sahintex.
The top five turnover leaders were Acme Lab, BBSL, Olympic Accessories, National Feed and Squire Pharma.

Stocks finish week upward

Stock market finished the week yesterday in upward trend, with all major indices of Dhaka and Chittagong stock exchanges closing marginally higher, reports BSS. The daily transaction also rose marginally as some investors renewed their commitment. DSEX, the broader index of Dhaka Stock Exchange (DSE), ended the week at 4381.46, 15.21 points up over Wednesdays close. The Shariah DSES and blue-chip DS30 also followed the broader index, with finishing in green at 1078.91 and 1714.38 respectively. Chittagong Stock Exchange (CSE) also ended the week in green, with its broader CASPI rising by 26.94 to 13460.33. Compared to last week, the DSEX, however, ended nearly 14 points lower when the DS30 and the DSES lost around 15 and 2 points respectively. During the week, investors were watchful about the revised budget as it would decide whether government considers the demands of business bodies. The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) urged the National Board of Revenue (NBR) to raise the tax-free income limit for individual taxpayers, cut tax at source on export and withdraw advance income tax on import. All the major sectors including bank, fuel and power and pharmaceuticals showed rising tend at the closing of the week when cement, food and allied and textile sectors closed lower. The average daily trade value at DSE was 17.90 per cent down at Tk 323.79 crore, but the trade volume rose by 7.53 per cent to 11.41 crore shares. The top five gainers of the week were National Feed, Dragon Sweater, Global Heavy Chemical, Green Delta and Apex Spinning. The major losers included Rupali Bank, BD Thai, Padma Islami Life, GQ Ball Pen and Sahintex. The top five turnover leaders were Acme Lab, BBSL, Olympic Accessories, National Feed and Squire Pharma.