Stocks end week positive

Trading at the Dhaka Stock Exchange (DSE) ended yesterday, with the broader index rising for the nine days in a row and eventually crossing 4800-point mark again, reports BSS.
The daily trade value and volume also rose substantially at the last session of the week.
DSEX finished the day with a phenomenal 66.41 points rise to 4808.39 as market remained buoyant with strong buying interest. The blue-chip DS30 and Shariah DSES also advanced significantly during the week to close yesterday at 1888.83 and 1195.22 respectively.
“Stable economic and political outlook, coupled with better expected corporate earnings fuelled the buying spree. At this point, market is perceived to get some solid direction, which induced investors to go long on stocks with better prospects in coming days”, said Lanka Bangla Securities Limited (LBSL).
The trade value at DSE rose by 13.81 per cent to Tk 813.95 crore yesterday when the volume was up by 23.46 per cent to 17.41 crore shares.
Cement, banking and pharmaceuticals stocks were in the preferred list of investors this week when these sectors registered 7.2 per cent, 4.9 per cent and 4.6 per cent gain respectively. Tannery, NBFI and general insurance were also among the major gainers with 6.42 per cent, 6.34 per cent and 5.73 per cent gain accordingly.
The major losing sectors were Telecommunication (-1.01 per cent) and service and real-estate (-0.45 per cent). Among the top gaining companies were Islami Bank (32.4 per cent), Pragati Life (25.2 per cent) and BSRM Ltd (21.3 per cent) when the major losing securities included BD Welding (-9.1 per cent), Saiham Cotton (-8.1 per cent) and Meghna Pet (-6.3 per cent).
At the last session of the week, Al-Haj Tex, BD Lamps, BSRM Limited, CMC Kamal and Central Insurance were at the top of the day’s 170 advancing issues. Conversely, ICB1stNBR, Meghna Petroleum, Agrani Insurance, Hakkani Pulp and Saiham Cotton were the major losers among 97 lagging issues.
The turnover leader was Lafarge Surma followed by Squire Pharma, RAK Cermaic, ACI, KPCL and GP.
Chittagong Stock Exchange (CSE) also finished week positive, with major CSCX index closing 116.95 points higher at 8965.25.
Out of the traded 265 issues, 150 advanced, 77 incurred loss and 38 remained static when 1.30 crore shares worth Tk 52.64 crore changed hands.

 

Stocks end week positive

Trading at the Dhaka Stock Exchange (DSE) ended yesterday, with the broader index rising for the nine days in a row and eventually crossing 4800-point mark again, reports BSS. The daily trade value and volume also rose substantially at the last session of the week. DSEX finished the day with a phenomenal 66.41 points rise to 4808.39 as market remained buoyant with strong buying interest. The blue-chip DS30 and Shariah DSES also advanced significantly during the week to close yesterday at 1888.83 and 1195.22 respectively. Stable economic and political outlook, coupled with better expected corporate earnings fuelled the buying spree. At this point, market is perceived to get some solid direction, which induced investors to go long on stocks with better prospects in coming days, said Lanka Bangla Securities Limited (LBSL). The trade value at DSE rose by 13.81 per cent to Tk 813.95 crore yesterday when the volume was up by 23.46 per cent to 17.41 crore shares. Cement, banking and pharmaceuticals stocks were in the preferred list of investors this week when these sectors registered 7.2 per cent, 4.9 per cent and 4.6 per cent gain respectively. Tannery, NBFI and general insurance were also among the major gainers with 6.42 per cent, 6.34 per cent and 5.73 per cent gain accordingly. The major losing sectors were Telecommunication (-1.01 per cent) and service and real-estate (-0.45 per cent). Among the top gaining companies were Islami Bank (32.4 per cent), Pragati Life (25.2 per cent) and BSRM Ltd (21.3 per cent) when the major losing securities included BD Welding (-9.1 per cent), Saiham Cotton (-8.1 per cent) and Meghna Pet (-6.3 per cent). At the last session of the week, Al-Haj Tex, BD Lamps, BSRM Limited, CMC Kamal and Central Insurance were at the top of the days 170 advancing issues. Conversely, ICB1stNBR, Meghna Petroleum, Agrani Insurance, Hakkani Pulp and Saiham Cotton were the major losers among 97 lagging issues. The turnover leader was Lafarge Surma followed by Squire Pharma, RAK Cermaic, ACI, KPCL and GP. Chittagong Stock Exchange (CSE) also finished week positive, with major CSCX index closing 116.95 points higher at 8965.25. Out of the traded 265 issues, 150 advanced, 77 incurred loss and 38 remained static when 1.30 crore shares worth Tk 52.64 crore changed hands.