Dhaka, Bangladesh (BBN)-Bangladesh’s stocks posted a modest gain in the outgoing week although investors were mostly inactive throughout the week due to pandemic fears and floor price limitation.
Week-on-week, DSEX, the key index of the Dhaka Stock Exchange, went up by 8.70 points or 0.22 per cent to settle the week at 3,969.
The core index is hovering between 3,950 and 3,970 points in the past 17 sessions and daily turnover remained below BDT1.0 billion as most of the sellers did not get buyers.
Turnover tumbled to a fresh 13-year low to BDT 386 million on June 21 as the growing virus fears and the ‘floor price’ system kept the investors at bay.
Two other indices also edged higher. The DS30 index, comprising blue chips, advanced 4.89 points to finish at 1,330 and the DSE Shariah Index saw a fractional gain of 0.94 point to settle at 919.
The week’s total turnover on the DSE stood at BDT 2.84 billion, down from BDT 3.39 billion in the week before. The daily turnover averaged only BDT 568 million, which was more than 16 per cent lower than the previous week’s average of BDT 678 million.
The market capitalisation of the DSE went up slightly to BDT 3,108 billion Thursday, from BDT 3,104 billion in the previous week.
On the other hand, the Chittagong Stock Exchange (CSE) also ended marginally higher with its CSE All Share Price Index – CASPI – advancing 8.0 points to settle at 11,262 and the Selective Categories Index – CSCX no changed to close at 6,818.