Dhaka, Bangladesh (BBN): Bangladesh’s stocks witnessed another bullish week with rising turnover value and DGEN crossed 4,600-point mark as investors continued to inject fresh fund amid expectations.
The week witnessed five trading sessions as usual. Among them, first four sessions gained sharply while last one faced correction amid profit taking.
The total market turnover stood at BDT 49.15 billion, an increase of 61.20 per cent over the previous week’s value as last week witnessed five trading sessions instead of previous week’s four.
The average daily turnover for the week stood at BDT 9.83 billion which was 28.96 per cent higher compared to previous week’s average BDT 7.62 billion.
Week-on-week the General Index of the Dhaka Stock Exchange (DGEN) gained 142.16 points or 3.13 per cent to close at 4,684.48 points, peaked 9-month high since October 2, 2012.
The DSEX, however, went down slightly by 7.49 points or 0.18 per cent to close at 4,262.93 points while the blue chip index DS30 gained 25.41 points or 1.59 per cent to close at 1,620.18 points.
The port city bourse — the Chittagong Stock Exchange (CSE) also ended marginally higher with the Selective Category Index of the CSE gained 16.13.48 points or 0.16 per cent to close at 8,409.07 points.
The losers took a modest lead over the gainers as out of 294 issues traded during the week at DSE, 193 declined, 95 advanced and six remained unchanged.
Meghna Petroleum became the week’s top turnover leaders with shares worth BDT 2.19 billion changed hands while Familytex (BD) was the week’s worst loser, plunging by 20.72 per cent.