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Stocks close week flat

WT24 Desk

Stock market finished the trading of the post-budget session flat, with the major indices at Dhaka and Chittagong stock exchanges remaining almost unchanged, agencies report. The broader index of Dhaka Stock Exchange (DSE) ended the week today at 4418.99, over 27 points down from the week’s opening of 4446.09 on Sunday, but 58.08 points up from the pre-budget closing.

Likewise, the two selective indices of DSE also ended the week down  compared to their week’s opening, but were up from the last week’s close. The blue-chip DS30 stood at 1738.06 on Thursday when the Shariah DSES ended at 1082.88.

The market began the week downward and was falling till Monday. On Tuesday, lively trade of a debut issue changed the down trend and took the market indicators to the green zone, which continued till the end of Wednesday’s trade.

The trend, however, could not sustain at the last session of the week when many of the traders were taking cautious position. Chittagong Stock Exchange (CSE) also experienced the similar trend in the market, but its general CASPI closed the week flat in green at 13597.89.

Average trade value came down by 20.45 percent to Taka 341.15 crore when the average trade volume fell by 35.58 percent to 8.87 crore shares.  During the week, the market was for buyers as 170 securities incurred loss against 79 advancing issues. Brac Bank, Bank Asia, BSRM Limited, Bangladesh Building System and Paramount Textile were the week’s major gaining issues.

The major losing issues of the week were MBL1stMF, AIBL1stLMF, FAS Finance, Dulamia Cotton and Exim Bank.  The debut issue Acme Lab topped the turnover leaders followed by Lafarge Surma, SPCL, BSRM Limited and FAR Chemical.

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