Dhaka, Bangladesh (BBN)– Bangladesh’s stocks witnessed yet another strong bullish week that ended on Thursday, extending the winning streak for the eight consecutive weeks.
The enthusiastic investors put fresh stakes on large-cap stocks throughout the week amid growing confidence in the market riding on regulatory moves to restore discipline in the country’s capital market.
Week-on-week, DSEX, the key index of the Dhaka Stock Exchange, went up by 338.5 points or 7.75 per cent to settle the week at 4,703.
The DSE core index added a cumulative 742 points in the past eight consecutive weeks, taking the prime index above 4,700-mark after six months since February 20.
Two other indices also nudged higher. The DS30 index, comprising blue chips, jumped 118.43 points to close at 1,594 and the DSE Shariah Index soared 77.36 points to settle at 1,088.
The total turnover, a crucial indicator of the market, jumped to BDT 45.05 billion which was BDT 29.04 billion in the week before.
On the other hand, the Chittagong Stock Exchange (CSE) also kept rising with the CSE All Share Price Index – CASPI -soaring 960 points to settle at 13,361 and the Selective Categories Index – CSCX rising 560 points to close at 8,072.
Of the issues traded, 226 gained, 56 declined and 32 remained unchanged on the CSE.
The port city’s bourse traded 72.62 million shares and mutual fund units with turnover value of BDT 1.57 billion during the week.