Dhaka, Bangladesh (BBN)– Dhaka stocks ended marginally higher for the third straight week with sluggish turnover value as the investors took position on the later part of the week, anticipating bull run in the new year 2013.
There is only one trading session on Sunday in the year, as trading on the both bourses will remain closed on December 31 due to bank holiday.
The market witnessed four trading session like previous week as Tuesday was a public holiday on the occasion of Christmas Day. Among those, last three sessions gained 60.74 points while first one lost 30.37 points.
Week-on-week, the prime index of the Dhaka Stock Exchange (DGEN) ended at 4,205.14, adding 30.37 points or 0.73 per cent.
The All Share price Index DSI advanced 30.22 points or 0.85 to close at 3,565.17, while DSE-20 closed at 3,447.17 points, gaining 2.72 points or 0.08 per cent.
The turnover value of the week stood at BDT 8.19 billion, down by 8.23 percent from the turnover value of the previous week’s BDT 8.92 billion.
Since the last week also had four trading sessions, the daily average turnover value was also 8.23 per cent lower than that of the previous week.
Sudden rally of non-bank financial institutions in the middle of the week helped the market to close positive though the investors were slightly wary about political situation and were mostly at an observer stance, market operator said.
Apart from banks and fuel and power which lost 0.59 percent and 0.55 percent respectively, all the major sectors ended in positive territory.
Non-banking financial institutions (NBFIs) gained 3.82 percent, the most followed by telecommunications 2.93 per cent and pharmaceuticals 0.94 percent. Among the sectors, life insurance posted the highest gain 7.48 percent in the week.
Of the total 278 issues including shares and mutual fund units traded, 130 advanced, 132 declined and 16 remained unchanged.
The market capitalization of the DSE increased slightly by 0.71 percent as it was BDT 2,380.05 billion on the opening day of the week and at the end of the week it stood at BDT 2,397.05 billion.
Beximco Limited continued to dominate the week’s top turnover chart with shares worth BDT 841.78 million changed hands.
The other turnovers leaders were Unique Hotel and Resorts, United Airways, Envoy Textile, GrameenPhone, BSCCL, Summit Power, Generation Next Fashion, Beximco Pharma and National Bank.
FAS Finance and Investments was the highest gainer posting a rise of 22.88 per cent followed by Reliance Insurance, LR Global Mutual Fund, BIFC, Samorita Hospital, BD Finance, Prime Islami Life Insurance, GSP Finance, EBL NRB Mutual Fund and Gloxo Smithkile.
The week’s worst losers included Padma Oil, Meghna Petroleum, Eastern Lubricants, Sonali Ansh, Imam Button, Dulamia Cotton, Saiham Cotton Mills, Saiham Textile, Reliance One, and Renwick Jajneswa.
BBN/SSR/AD-2(dec12-12:50 pmm (BST)