Dhaka, Bangladesh (BBN)– Bangladesh’s stocks posted a modest gain in the outgoing week, extending the winning streak for five consecutive weeks, as optimistic investors continued buying shares on the expectation of improving economic activities.
Week-on-week, DSEX, the key index of the Dhaka Stock Exchange, went up by 11.83 points or 0.29 per cent to settle the week at 4,080. The DSE core index added a cumulative around 120 points or 3.0 per cent in the past five consecutive weeks.
Two other indices also nudged higher. The DS30 index, comprising blue chips, gained 5.83 points to close at 1,374 and the DSE Shariah Index saw a fractional gain of 0.61 point to settle at 946.
The total turnover, a crucial indicator of the market, came down to BDT 12.37 billion as against the previous week’s total turnover of BDT15.08 billion.
On the other hand, the Chittagong Stock Exchange (CSE) also edged higher with its CSE All Share Price Index – CASPI -gaining 63 points to settle at 11,622 and the Selective Categories Index – CSCX rising 37 points to close at 7044. Of the issues traded, 89 gained, 46 declined and 147 remained unchanged on the CSE.
The port city’s bourse traded 12.08 million shares and mutual fund units with turnover value of BDT 301 million.