During the week that ended Thursday, the benchmark index of Dhaka Stock Exchange DSEX was down only 5 points or 0.2% to end the week at 4,549. In two weeks, it lost 35 points.
The DS30 index, comprising blue chips, dropped over 3 points or 0.2% to 1,744.
The DSE Shariah Index shed only 4 points 0.4% 1,103.
The Chittagong Stock Exchange Selective Category Index CSCX declined 18 points or 0.3% to 8,502.
The week’s average daily turnover stood at Tk445 crore, a decline of 11% over the previous week’s average of Tk500 crore.
Among the major gaining sectors, IT, bank and power increased by over 2%, 1% and 0.6% respectively, while pharmaceuticals, food & allied and telecommunication decreased by 1.3%, 1.2% and 1% respectively.
IDLC Investments said: “Over the ups and downs, investors tried to generate some short-term trades and in-between booked some profits in large and micro-cap stocks.”
It said the market offered some buying opportunities to the investors after the loss of 72 points in the last few days’ downtrend. Investors tried to utilise the opportunity and exerted buying pressure in the later part of the week.
“The investors tried to grab the opportunities of declining trend and created some buying pressure on short-term trading motive. Consequently, the broad index recovered at the later part of the week.”
Thursday, April 25, 2024
