Dhaka, Bangladesh (BBN) - The Dhaka Stock Exchange (DSE) closed higher last week that ended on Thursday and gained for the fourth straight week in a raw as investors continued to buy shares.
Market insiders said that the participation of investors increasing gradually as the market is showing some stability.
However, many of the investors booked profit to minimize their loss while some of them took fresh position during the week.
The week witnessed five trading sessions as usual. Among those, three sessions gained 270 points while two sessions lost 162 points.
In the week, the DSE General Index (DGEN), the yardstick of the market went up by 108.59 points or 2.18 percent to close at 5,098.91. Overall the DGEN gained 17.4 percent over the last four weeks.
Total turnover value for the week stood at BDT 36.38 billion which was 13.77 per cent higher than last week’s total value of BDT 31.98 billion as there was one more trading session in this week.
However, average daily turnover value recorded BDT 7.27 billion this week which was 8.99 percent lower compared to BDT 7.99 billion in the previous week.
Out of 271 issues traded during the week, 146 advanced, 118 declined and seven remained unchanged.
Among the major sectors, fuel and power was the biggest gainer that gained 6.1 percent. DESCO alone gained 24.77 percent in the week and topped the gainers' list.
Cement sector was another major gainer with 11.7 percent rise, as Lafarge Surma alone gained 22.6 percent.
Non-banking financial institutions (NBFIs), general insurance and life insurance also gained 4.9 percent, 4.6 percent, and 5.3 percent respectively, while pharmaceuticals closed flat, and telecom lost 0.5 percent.
Four companies---Bay Leasing, Kay and Que, MJL BD and Phoenix Finance made their corporate declaration during the week.
Titas Gas topped the week’s turnover chart with shares worth BDT 1.50 billion changing hands.
The other turnover leaders were Beximco Limited, MJL BD, GP, Jamuna Oil, National Bank, Lafarge Surma Cement, DESCO, Peoples Leasing and United Airways.
DESCO was the week’s top gainer posting a rise of 24.77 percent while Ocean Container was the worst loser.
BBN/SSR/AD-07Apr12-11:10 am (BST)
