Stocks finish week amid price correction

DHAKA, Feb 2, 2017 (BSS)- After showing strong trend at the previous week, stocks finished this week in red when issues of the major price indices faced correction during the week.

Majority of the issues traded suffered loss in the week, taking price indices down.

DSEX, the major price index of the Dhaka Stock Exchange (DSE), finished the week 253.51 points down at 5365.14. Accordingly, the blue-chip DS30 ended over 81.58 points up at 1956.90 and the Shariah DSES 37.70 points higher at 1254.79.

The average daily trade volume declined by 48.61 percent to 28.13 crore shares when the value surged by 44.59 percent to Taka 959.39 crore.

Out of the 331 traded securities, 44 closed higher against 281 losing issues when 5 remained unchanged.

The five major gaining companies included Rahim Textile Mills, Anlima Yarn Dyeing, Golden Harvest Agro Industries, Pharma Aids and Shasha Denims. The five major losing companies included ICB AMCL Second Mutual, Shinepukur Ceramics, LankaBangla Finance, Savar Refractories and ICB Islamic Bank.

The top five turnover leaders were Bangladesh Export Import Company, Islami Bank BD, Ratanpur Steel Re-Rolling Mills, LankaBangla Finance and Baraka Power.

Chittagong Stock Exchange (CSE) also closed the week up, with its major CASPI index ending 795.56 points lower at 16,602.73.

Like DSE, most of the issues traded here closed lower when both the trade value and volume of shares decreased significantly.

Source: Bangladesh Sangbad Sangstha (BSS)