Dhaka, Bangladesh (BBN)– The Dhaka Stock Exchange (DSE), the country’s prime bourses, continued to see the bull-run for the second consecutive week that ended on Thursday.
The benchmark DSE General Index (DGEN) closed the week at 6672.97, which was a new high, with a rise of 1.48 per cent or 97.37 points.
The broader All Shares Price Index (DSI) rose 1.69 per cent or 92.61 points to 5562.21, while the DSE-20 blue chip index gained 2.03 per cent or 77.36 points to 3896.55.
There will be no trade on Sunday because of public holiday to mark the mourning day of Bangabandhu Sheikh Majibur Rahman.
The market gained in all the sessions except on Thursday, when the DGEN closed flat amid shortened trading session. On the day, the DSE cut trading hour (from four to three hours) due to holy Ramadan.
Most noticeable gainers of the week were life insurance companies. The sector index moved up by 6.53 per cent, according to reports.
The stock split of Fareast Life Insurance ignited the interest of small investors for the sector, which also gained 15 per cent last week.
Leasing or non-banking financial institutions issues gained 4.31 per cent, textiles 5.17 per cent and pharmaceuticals 3.36 per cent
Banks continued to lose trade volume, as the investors were moving away from the sector to other sectors such as life insurance. The sector closed slightly negative.
Titas Gas was the week’s top turnover leader with shares worth BDT 5.80 billion traded.
Summit Power, Beximco Ltd, LankaBangla Finance Company, Summit Alliance Port Limited, People’s Leasing, Prime Finance, Bextex Limited, Union Capital and Aftab Automobiles were the other turnover leaders.
Eastern Insurance gained highest 18.93 per cent, followed by United Insurance, Federal Insurance, Fareast Islami Life Insurance, Union Capital, Bangladesh Lamps, Uttara Finance, Delta Spinners, Samorita Hospital and Metro Spinning.
The week’s top losers included United Commercial Bank Ltd, Islamic Finance, EBL First Mutual Fund, Monno Stafllers, BSC, 4th ICB MF, DBH First Mutual Fund, Monno Fabrics, Modern Dyeing and Samata Leather.
BBN/SI/AD-14Aug10-11:03 am (BST)
