• Saturday, Nov 17, 2018
  • Last Update : 11:02 am

Stocks closed on happy note before Eid

  • Published at 01:00 am September 11th, 2016
Stocks closed on happy note before Eid
During the week that ended Thursday, the benchmark index of Dhaka Stock Exchange, DSEX was up over 52 points or 1% to end the week at 4,601. It gained after losing 35 points in the past two weeks. The DS30 index, comprising blue chips, rose over 15 points or 0.9% to 1,759. The DSE Shariah Index, moved up only 5 points or 0.5% to 1,108. The Chittagong Stock Exchange Selective Category Index CSCX advanced 115 points or 1.4% to 8,617. During the week, banks remained favourite of investors, helping the key index to end higher. The trading on stock exchanges will remain closed for nine days on September 9-17. LankaBangla Securities said: “The upward movement in the market, which started from the week before, continued last week as well, resulting in 52 points increase in benchmark index DSEX.” It said the list of top ten turnovers was dominated mostly by large-cap stocks, whereas financial sector occupied majority of the positions in the list of weekly top gainers. The week’s daily average turnover stood at Tk472 crore, registering an increase of over 6% over the previous week’s average of Tk445 crore. “Engineering, fuel and power and pharmaceuticals sectors dominated the turnover board as they pulled approximately half of the total turnover for the week,” said UCB Capital Management. Royal Capital said: “The market was dominated by mainly buyers. The market behaved positively because of some investment potentials.” Shahjibazar Power Company dominated the week’s turnover chart for the two consecutive weeks with shares worth Tk15 crore changing hands, followed by Lafarge Surma Cement, Doreen Power, MJL Bangladesh and Singer Bangladesh.