Dhaka, Bangladesh (BBN) – The Dhaka Stock Exchange (DSE) continued to gain for the fourth straight week that ended on Thursday with increasing turnover value despite heavy correction in last trading day of the week as optimism grew among the investors.
The market analysts said that the investors got some confidence as the market is showing a sign of stability for the few weeks.
The week witnessed five trading sessions as usual. Among those three sessions gained while two sessions lost.
In the week, the DSE General Index (DGEN), the yardstick of the market went up by 185.95 points or 4.26 percent to close at 4,553.77.
The broader All Shares Price Index (DSI) soared 147.76 points or 4.03 percent to close at 3,810.74. The DSE-20 Index comprising blue-chip shares also advanced 45.94 points or 1.29 percent to close at 3,609.83.
Total turnover value for the week more than doubled from previous week’s value, mainly due to the fact that there was one less trade session in the previous week.
Total turnover value for the week stood at BDT 24.0 billion compared to BDT 9.98 billion in the previous week.
Average daily turnover value was substantially higher this week at BDT 4.8 billion, almost double the value of last week’s average daily turnover value of BDT 2.5 billion.
All major sectors gained in the week. Non-banking financial institutions (NBFIs) posted the highest gain which gained10.23 percent following a number of earnings and dividend declaration by a number of companies, including IDLC, Prime Finance and Lankabangla Finance.
Companies continued to announce their corporate declarations for the year ended December 2011. Ten companies recommended their corporate declaration during the week.
Beximco Limited topped the week’s turnover chart with shares worth BDT 1.14 billion changing hands.
Peoples Leasing was the highest gainer posting a rise of 18.63 percent while LankaBangla Finance was the worst loser.
BBN/BB/SI-02Mar12-11:50 pm (BST)
