Meek gain for stocks at end of week
Stocks gained slightly on the last day of the week amid weak investor participation.
DSEX, the benchmark index of Dhaka Stock Exchange, rose 7.16 points or 0.14 percent, before closing at 4,812.82 points. The index crept up with muddled perception on market direction, Lanka-Bangla Securities said.
“All the blue-chip stocks closed flat or red as those lost their zeal, while some small cap stocks reignited,” the stockbroker said.
Turnover, another important indicator of the market, however, fell 2.4 percent to Tk 421.58 crore on transaction of 10.35 crore shares and mutual fund units.
Of the traded issues, 160 advanced, 105 declined and 57 securities closed unchanged on the premier bourse.
Square Pharma dominated the turnover chart with 11.93 lakh shares worth Tk 29.5 crore changing hands, followed by Islami Bank, Titas Gas, Shahjibazar Power Company, and Lafarge Surma Cement.
Among the major sectors, fuel and power gained 1.4 percent in market capitalisation, followed by food and allied that increased 0.47 percent and bank 0.17 percent.
Conversely, engineering lost 0.45 percent, followed by textiles 0.14 percent and telecommunication 0.1 percent.
Standard Ceramic was the day's best performer, gaining 9.76 percent, while Kay & Que was the worst loser with a 6.61 percent fall.
Chittagong stocks also rose marginally with the bourse's benchmark index, CSCX, increasing only 8.74 points or 0.09 percent to finish the week at 8,970.61.
Gainers beat losers as 103 advanced and 99 declined, while 41 finished unchanged on the Chittagong Stock Exchange.
The port city bourse traded 91.25 lakh shares and mutual fund units, generating a turnover of Tk 29.78 crore.
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