Dhaka, Bangladesh (BBN)- The Dhaka Stock Exchange (DSE) saw a bearish mood in the week that ended on Thursday after a modest gain in the previous week, amid slower trading activity.
Share prices’ movement see-sawed throughout the week. The market showed a sign of recovery in the last trading session Thursday, market operators said.
The benchmark DSE General Index (DGEN) lost 43.02 points or 1.44 per cent to end at 2942.44. The broader All Shares Price Index (DSI) shed 37.23 points or 1.48 per cent to close at 2472.72. The DSE-20 blue chip index slipped 9.85 points or 0.46 per cent to finish at 2132.04.
The market was skewed towards decliners as out of 302 issues traded, 102 went into the black, 141 into the red, one remained unchanged and 58 were not traded.
The daily average turnover in the week remained almost same at BDT 4.59 billion, an increase of only 0.49 percent over the previous week, according to the DSE data.
Stocks of the mutual funds have continued to perform better as this sector has 10 percent quota in every initial public offering (IPO).
The banking sector, bellwether of the stock market, continued to suffer except in the last trading session when this sector helped the market gain.
Insurance sector declined despite the news that a bill strengthening the sector might be tabled in the current parliament session that began on September 7 this year.
BBN/SS/SI/AD-12September09-12:19 am (BST)