Friday, November 27, 2015, Agrahayan 13, 1422 BS, Safar 14, 1437 Hijri
Stock Market Update
Stocks back to black
Business CorrespondentPublished :Friday, 27 November, 2015, Time : 12:00 AM View Count : 24
Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) rose on
Thursday halting a three-day falling streak as investors returned to
buying mode, dealers said.
DSEX, the prime index of DSE rose by 5.7
points up to 4573.75, up 24 points higher than the closing of the
previous week. Similarly, the blue-chip DS30 ended week up at 1729.64
and the Shariah DSES at 1101.15.
"Market passed a volatile period
this week with increased sell pressure as investors prompted to cash in
on stocks and remain in sideline amid weak economic condition. Though
stocks made a positive penning, quick correction in the middle of the
week eroded the early gain," said the Lanka Bangla Securities Limited.
activities remained low in majority of the sessions, but the average
trade value tallied 22.64 per cent higher at Taka 439.21 crore when the
average trade volume rose by 32.15 per cent to 12.58 crore as some high
value scrips were traded voluminously.
BSS adds: The major gaining
sectors of the week were bank gained (2.45 per cent), textile (1.66 per
cent), NBFI (0.97 per cent) and cement (0.51 per cent). The major losing
sectors were mutual fund (-5.67 per cent) and food and allied (-0.66
The top gaining companies were ISNLTD (30.4 per cent), OAL
(26.1 per cent), Al-Arafa Islami Bank (25.2 per cent) and MI Cement
(19.7 per cent).
The top losing companies were BD Autocars (-19.7 per
cent), Gemini Sea (-17.3 per cent) and Modern Dye (-13.8 per cent).
Like DSE, Chittagong Stock Exchange (CSE) closed week upward, with all
the price indices ending in green. The major CSCX closed the week 15.85
points up at 8507.23.
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