DSE ends week in red
UNB
The countrys premier bourse, Dhaka Stock Exchange (DSE), ended in red zone in the week losing 64.57 points due to lower participation of the investors, reports UNB.
The DSE benchmark index, DSEX, closed the week at 4455.28 points, 64.57 points or 1.43 per cent low than the previous week. DSEX closed the previous week at 4519.85 points, gaining 4.72 points or 0.10 per cent. The DSEX Shariah Index, DSES, drop-ped 9.34 points or 0.85 per cent to close at 1092.32 points in the week.
The daily average turnover at the DSE was Tk 368.55 crore, a down by 4.83 per cent comparing to the previous week while last weeks
average turnover was Tk 387.24 crore.
Analysing last weeks market pulse, LankaBangla Securities said, With lackluster participation by investors, benchmark index slid by 64.57 points. Average daily turnover was down by 4.8 per cent
this week compared to previous week.
The leading stockbroker said, NBFI and Pharmaceu-tical stocks were up by 0.8 per cent and 0.4 per cent respectively. Markets trailing P/E stood at 15.41 at the end of
this week.
Among the major industry update, for the first time
two Bangladesh pharmaceuticals companies, Square Pharmaceuticals and Beximco Pharmaceuticals, have received the prestigious FDA approval from the US Food and Drug Administration or FDA which is a major milestone for the companies as this makes ways to export medicines to the US market, they informed.
Of the 324 issues traded at the DSE on last week, 112 gained, 184 suffered loss and 28 remained unchanged.
The major gaining sectors of the week were Mutual Fund gaining 4.57 per cent, Engineering 1.74 per cent, Tannery 1.58 per cent, and NBFI 0.85 per cent.
The losing sectors at the DSE were Life Insurance losing 6.64 per cent, IT Sector 2.9 per cent, and Cement 2.66 per cent.
Lafarge Surma Cement dominated the weeks top turnover chart with shares worth Tk 77.56 crore, followed by Beximco Pharma with
Tk 58.51 crore, Square Pharma Tk 52.45 crore, BEXIMCO
Tk 51.10 crore and Khulna Power Company with shares worth Tk 50.30 crore.
The weeks top five losers were Asia Insurance with a fall of 15.43 per cent, followed by National Life Insurance 11.54 per cent, GQ Ball Pen 9.39 per cent, Al-Haj Textile 9.37 per cent, and Desh Garments 9.11 per cent.
Top five gainers at the DSE on the last week were Hakkani Pulp Paper, Stylecraft, First Bangladesh Fixed Income Fund, Legacy Footwear, and The Dacca Dyeing.
