Stock markets ended the final week of the year 2015 on a flat note as both retail and institutional investors remained on the sidelines.
During the week that ended on Thursday, the benchmark of Dhaka Stock Exchange, DSEX, closed marginally over 20 points or 0.5% higher to 4,629, ending two consecutive weeks of losses.
The blue chip comprising index DS30 inched over 3 points higher to 1,750. The DSE Shariah Index, DSES, witnessed a fractional gain of 0.7 points to 1,750. The Chittagong Stock Exchange Selective Categories Index, CSCX, closed at 8,572, rising 22 points.
“The week started with a negative mode which didn’t turn positive before the third sessions. Despite this improvement, investors preferred the wait only making the end hour of portfolio reallocation while they were looking to 2016,” said IDLC Investments.
However, the last session showed some enthusiasm of the year, which added nearly 25 points alone, it said.
“Investors’ lackluster participation was reflected in the slowing turnover. The week observed local government election, which might have played a role in slowing turnover.”
Lanka Bangla Securities said the market-cap leaders had mixed performance during the week. Though ICB and Titas Gas declined by 3.7% and 3.5% respectively, BATBC and Olympic Industries increased by 5.1% and 3.6% respectively, it said.
Trading activities remained sluggish as was indicated in lower turnover. The DSE daily turnover average turnover was Tk387 crore, down over 11.35% over the previous week.
Pharmaceuticals remained as the centre of trading in the week, accounting for 22% of the week’s total turnover, followed by engineering 20% and fuel and power 11%.
Beximco Pharmaceuticals dominated the week’s turnover chart for the three consecutive weeks on the DSE.
