Stocks went on a gaining streak last week at both bourses, as investors showed their buying spree on sector wise securities. Market analysts said, some market-supportive measures by the government and the stakeholders to return investors’ confidence, especially for the Investment Corporation of Bangladesh receiving Tk 7.60 billion from the central bank.
They said the stocks bounced back on news that the ICB received the money from the Bangladesh Bank under the capital market refinancing scheme. The DSEX, the prime index of the Dhaka Stock Exchange (DSE) went up by 19.81 points or 0.38 percent at 5,250.6 during last week over that the previous week.
The DS30 index, comprising blue chips, also increased by 14.61 points to close at 1,832.82 points while the DSE Shariah Index fell by 4.66 points to settle at 1,192.9 points.
The market capitalisation of the DSE increased to Tk 3,858.62 billion on Thursday, which was 0.26 percent higher against Tk 3,848.76 billion on the first working day of the week. Total turnover went up to Tk 17.93 billion last week from Tk 14.61 billion in the previous week. The daily turnover increased by 22.68 percent to Tk 3.58 billion over the previous week's average of Tk 2.92 billion.
Out of 351 issues traded, 171 ended higher, 143 closed lower and 37 remained unchanged on the DSE floor. The BRAC Bank dominated and became the top on the weekly turnover chart with 786.34 million shares worth Tk 798.63 billion changing hands. It was followed by Fortune Shoes, SK Trims and Industries, United Power and IFIC bank.
The Global Industries Company was the week’s best performer, posting a gain of 42.64 percent while the Rupali Life Insurance Company, the week’s worst loser, falling 19.33 percent. Meanwhile, the port city bourse, the Chattogram Stock Exchange (CSE) saw positive trend during the last week with its selective category index (CSCX) gaining nearly 0.22 percent to close at 9,708.96 points. On the other hand, all Share Price Index of the CSE was higher by almost 0.24 percent to 16,041 points on Thursday.
