Stocks gain marginally
Stocked gained marginally last week despite the bleak investment outlook amid the countrywide blockade enforced by BNP and its allies.
DSEX, the benchmark general index of the Dhaka Stock Exchange, went up by 46.67 points or 1.10 percent, to close the week at 4,277.39 points.
“Market is in a very capricious mood. It is not following any direction, as political uncertainties are still not taking any shape,” LankaBangla Securities said in its weekly market analysis.
“Continuous political uncertainties are hampering corporate earnings. Export activities are being hampered severely.”
Call money rate has come down to around 6 percent, the stockbroker said.
Investors could not make decisions on whether they would take position in the market or stay on the sidelines to observe the political situation, it said.
“Bleak investment outlook provided a shaky start to the first week of December,” said IDLC Investments in its weekly market analysis.
Daily average turnover declined 30.47 percent to Tk 429 crore from the previous week.
The gainers took a modest lead over the losers as out of the 295 issues traded, 176 advanced, 97 declined and 22 remained unchanged on the premier bourse.
The major sectors showed mixed performances. Banks gained 2.65 percent, the most in the week.
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