Dhaka, Bangladesh (BBN): Stocks went down sharply last week that ended Thursday with DGEN dipping below 3,800 point mark amid cloudy investments outlook in the political front.

The market witnessed four trading sessions instead of five as Tuesday was public holiday on the occasion of Independence Day.

Week-on-week the General Index of the Dhaka Stock Exchange (DGEN) plummeted 144.21 points or 3.66 per cent to close 3,794.29, hitting 14-month low level.

The other two indices also followed the downward trend. DSEX plunged 174.96 points or 4.54 per cent the most among the indices to close at 3,681.66, while DS30 declined 50.22 points or 3.55 per cent to 1,365.78.

The Chittagong Stock Exchange (CSE) also closed plunged last week with the Selective Category Index of the CSE declined 378.09 points or 4.95 per cent to close at 7,248.39 points.

The total turnover at the DSE stood at Tk 5.80 billion which was 20.45 per cent higher than the previous week’s total of Tk 4.81 billion as this week witnessed one more trading session.

However, average daily turnover further slowed down as this week consisting of four trading sessions. The average daily turnover stood at 1.45 billion which was 9.66 per cent lower than that of the previous week’s Tk 1.60 billion.

Of the total 288 companies and mutual fund units were traded during the week on the premier bourse, 18 advanced, 262 declined and 8 remained unchanged.

Seven listed companies—First Lease International, Brac Bank, MJL Bangladesh, Argon Denims, Trust Bank, Pubali Bank and Continental Insurance made their corporate declaration during the week.
Newly listed Orion Pharma dominated the week’s top turnover chart with shares worth Tk 485.26 million changing hands.
Prime Islami Life Insurance was the week’s highest gainer posting a rise of 13.42 per cent Active Fine Chemical was the worst loser.

BBN/BB/AD/29Mar-13-6.35pm (BST).