Dhaka, Bangladesh (BBN): The bourses ended lower for the third straight week with turnover remained sluggish amid gloomy political and economic outlook.

The market witnessed four trading sessions as Wednesday was Public Holiday on the occasion of May Day. Among them two sessions closed positive while two sessions ended lower.

Week-on-week the General Index of the Dhaka Stock Exchange (DGEN) went up by only 0.98 points or 0.03 per cent to close at 3,654.86 points.

The other two indices, however, ended lower with the DSEX slipped 35.38 points or 1.01 per cent to close at 3,468.18 while the DS30 declined 23.99 points or 1.83 per cent to close at 1,284.38.

The Chittagong Stock Exchange (CSE) also ended lower last week with the Selective Category Index of the CSE plunged 110.99 points or 1.60 per cent to close at 6,829.25 points.

Total turnover value came down to BDT 5.54 billion a decrease of 17.95 per cent from previous week’s BDT 6.75 billion.

The average daily turnover was 2.57 per cent higher than that of the previous week and stood at BDT 1.38 billion as there was a public holiday this week whereas last week saw five trading sessions.

Of the total 289 issues traded during the week on the prime bourse, 121 advanced, 156 declined and 12 remained unchanged.

Forty seven listed companies made their corporate declaration during the week.
RN Spinning was the week’s most traded stocks with shares worth BDT 276.60 million changing hands.

Rahim Textile was the week’s highest gainer posting a rise of 33.68 per cent while BD Thai was the week’s worst loser, slumping by 22.73 per cent.

BBN/BB/AD/03May-13-7.10pm (BST).