Dhaka, Bangladesh (BBN)- Dhaka stocks continued to rise for the third straight week that ended on Thursday with significant increasing turnover value as recent positive market trend heighten investors’ confidence.
Market insiders said that the participation of investors increasing gradually as the market is showing some stability in the last few days which encouraged investors to take fresh position.
The week witnessed four trading sessions instead of five as Monday was public holiday on the occasion of 41st Independence Day. Among those first three sessions gained 278 points while last one lost 48 points amid profit taking.
In the week, the DSE General Index (DGEN), the yardstick of the market went up by 231.83 points or 4.86 percent to close at 4,990.32.
The turnover value steadily increased in the week. Total turnover value of the week stood at BDT 31.98 billion which was 34.19 percent higher than last week’s total value of BDT 23.83.
However, there was one less trading session in this week as market was closed on Monday.
Average daily turnover value recorded 67.74 percent higher in the week and stood at BDT 7.99 billion compared to BDT 4.76 billion in the last week.
This was also the highest average daily turnover in the year.
Out of 273 issues traded during the week, 223 advanced, 45 declined and five remained unchanged.
All the sectors closed higher on the week as buy pressure witnessed all across the board throughout the week.
Beximco Limited topped the week’s turnover chart with shares worth BDT 1.56 billion changing hands.
Midas Financing was the week’s top gainer posting a rise of 40.20 percent while Green Delta Insurance.
BBN/BB/SI-30Mar12-8:50 pm (BST)
