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Stocks end week up

WT24 Desk

Stocks ended week upward on Thursday, with all the indices at Dhaka and Chittagong stock exchanges finishing upwards as some investors were repositioning in large-cap securities, agencies report.

The broader DSEX of Dhaka Stock Exchange (DSE) closed the week nearly 22 points higher at 4388.00 when the blue-chip DS30 and Shariah DSES ended marginally up at 1707.96 and 1076.58 respectively. The DSEX, however, was 4.87 points lower compared to last week’s close.

The general CASPI index of Chittagong Stock Exchange (CSE) was 79.94 points up at 13524.35.  Majority of the issues traded on the two bourses closed the week up on moderate demand. Out of the 329 issues traded on DSE, 225 gained against 81 losing issues.  The daily average trade value at DSE was 13.82 percent up at Taka 372.12 crore, but the trade volume was over 7.06 percent down at 10.99 crore shares.

Most the advanced issues during the week were from large-cap category as investors were taking position in mostly active securities of power, cement and engineering sectors. Resultantly, SPCL became the most actively traded issue of the week followed by Lafarge Surma, MJLBD, United Power and Khan Brother.

The top 10 gainers of the week were Zahin Industries, Tosrifa Industries, Khan Brothers, IPDC and Hamid Fabrics. During the week ended Thursday, the securities advanced by 13.0 percent to 21.56 percent.

The major losing issues of the week included Modern Dying, MJLBD, Reneta Limited, Rahima Food and Premier Bank. These issues lost 10.0 percent to over 16.0 percent during the week.

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