Dhaka, Bangladesh (BBN) – Trading at Dhaka stocks continued upward trend during the last, ended on Thursday with higher turnover as investors became optimistic about stability of the market in coming days.
Market insiders said that the week was somewhat steady and investors went for fresh buying anticipating stable situation in days head as sponsor/directors continued their announcement to buy shares.
The week witnessed five trading sessions as usual. Among them last four sessions advanced while first session closed flat.
The general index of the Dhaka Stock Exchange, generally known as DGEN, surged 232.21 points or 4.64 per cent to close at 5,232.38 points during the last week
Total turnover value stood at BDT 18.1 billion in the week against BDT 13.7 billion in the previous week.
Daily average turnover value stood at BDT 3.6 billion which was 32.3 percent higher compared to last week’s value of BDT 2.7 billion.
Mercantile the commercial banks topped the week’s turnover chart with shares worth BDT 750.33 million changing hands during the week.
Apex Spinning was the week’s highest gainer posting a rise of 34.5 percent while First ICB Mutual Fund worst loser.
Meanwhile, during the week, 15 sponsor directors of nine listed companies expressed their willingness to buy shares to their respective companies at prevailing market price through stock exchange within next 30 working days.
Last week, 16 sponsor directors of 13 listed companies announced their plan to buy 470,000 shares in their respective firms.
BBN/SSR/AD-23Dec11-11:31 pm (BST)