Dhaka, Bangladesh (BBN) – The Dhaka Stock Exchange (DSE) passed a dramatic week that ended on Thursday and decline for the two straight weeks with significantly declining turnover value and key index came down bellow the 5,000 level despite a large gain on the last trading session.
Market analysts said the week’s trading was quite volatile due to confusions regarding a government notification and an issue of National Board of Revenue’s (NBR) Statutory Regulatory Order (SRO) regarding undisclosed money.
The week witnessed four trading sessions, as Tuesday’s trading was suspended fearing negative impacts on the capital market by the restriction investment in the stocks by government employees.
Among them first three sessions suffered big losses while last session gained heavily.
In the week, the DSE General Index (DGEN), the yardstick of the market slipped 167.99 points or 3.28 per cent to close at 4,946.50.
The broader All Shares Price Index (DSI) plunged 135.33 points or 3.17 per cent to close at 4,138.02. The DSE-20 Index comprising blue-chip shares also dropped 88.98 points or 2.33 per cent to close at 3,727.42.
Turnover value also declined significantly this week compared to the previous week.
Total turnover stood at BDT 12.03 billion which was 47.56 percent lower than last week’s turnover of BDT 22.95 billion as there was one less trading session this week compared to the previous one.
Average daily turnover value stood at BDT 3.0 billion which was BDT 4.6 billion last week, implying a 34.4 percent decline.
Out of 267 issues traded, only 19 advanced, 245 declined and three remained unchanged.
Grameenphone (GP) continued to top the week’s turnover chart, for the third week with shares worth BDT 508.12 million changing hands.
Reliance was the week’s highest gainer, posting a rise of 7.17 per cent while Saiham Textile was the week’s worst loser.
BBN/SSR/AD-20Jan12-8:48 pm (BST)
