Dhaka, Bangladesh (BBN) – The Dhaka Stock Exchange (DSE) extended its gaining streak for the third straight week that ended on Thursday.
The week witnessed four trading sessions as Tuesday was public holiday on the occasion of International Mother Language Day. Among those first two sessions lost marginally while last two sessions gained strongly.
“The market gained strongly in the last two sessions as expectations were high among the investors which may have led the market to rise in the last two sessions,” said BRAC-EPL in its weekly market analysis.
Market operators said that finance minister’s announcement to compensation small investors’ boosted the investors’ confidence and they went for buying shares in the last two sessions.
The DSE General Index (DGEN), the yardstick of the market, went up by 108.77 points or 2.55 percent to close at 4,367.81points in the week.
The broader All Shares Price Index (DSI) soared 91.91 points or 2.57 per cent to close at 3,662.98. The DSE-20 Index comprising blue-chip shares also advanced 104.72 points or 3.03 percent to close at 3,563.89.
Total turnover value fell this week by 30.97 percent as there was one less trading session this week compared to last week. Total turnover value for the week stood at BDT 9.98 billion compared to BDT 14.45 billion last week.
Average daily turnover value was slightly lower this week at BDT 2.49 billion, which was 13.72 percent lower than last week’s average daily turnover value of BDT 2.89 billion.
All sectors gained on the week except telecommunications and printing.
Beximco Limited topped the week’s turnover chart with shares worth BDT 590.04 million changing hands.
LankaBangla Finance was the highest gainer posting a rise of 17.69 percent while National Bank was the worst loser.
BBN/BB/AD-25Feb12-11:00 am (BST)