Dhaka, Bangladesh (BBN): The bourses closed lower for the third straight week with turnover declined further as most investors refrained from fresh investments, fearing further fall of share prices.
The week featured five trading sessions as usual. Among them, four sessions lost while remaining one gained slightly.
Week-on-week the DSE Broad Index (DSEX) lost 67.44 points or 1.69 per cent to close at 3,979.20 points from previous week.
The blue-chip index, DS30 ended at 1,477.12 points, after losing only 1.15 points to 0.08 per cent over the previous week.
The port city bourse — the Chittagong Stock Exchange (CSE) also declined last week with the Selective Category Index of the CSE lost 149.47 points or 1.90 per cent to close at 7,703.50 points.
The total market turnover for the week stood at BDT 15.87 billion compared to previous week’s aggregate of BDT 23.46 billion.
Consequently, the average daily turnover for the week was BDT 3.17 billion, going down by 32 per cent over the previous week’s average of BDT 4.69 billion.
The losers took a strong lead over the gainers as out of 294 issues traded during the week at DSE, 221 declined, 66 advanced and seven remained unchanged.
Bangladesh Submarine Cable Company Ltd became the week’s top turnover chart with shares worth BDT 1.37 billion changing hands.
Glaxo SmithKline was the week’s highest gainer posting a rise of 31.61 per cent while Prime Bank was the week’s worst losers.
BBN/BB/AD/02August-13-5.30pm (BST).
