Space For Rent

Space For Rent
Sunday, April 19, 2015, Baishakh 6, 1422 BS, Jamadius Sani 28, 1436 Hijr

Weekly Review
Bourses end week bullish
Published : Sunday, 19 April, 2015,  Time : 12:00 AM,  View Count : 8
Dhaka stocks concluded week bullish on Thursday when the daily trade value hit a four-month high.
The benchmark index of Dhaka Stock Exchange (DSE) closed 12.84 points up at 4373.33 as both trade volume and value increased substantially on active buying.
The two selective indices, however, slid marginally to finish the week in red as their scrip groups suffered some volatility in prices.
The blue-chip DS30 closed at 1668.34 and the Shari'ah DSES at 1060.88.
The higher activities pushed the trade value a record high of Tk 538.52 crore, which was the highest after Tk 576.32 crore of November 19, 2014.
The transaction volume also surged to 11.52 crore shares, the highest after 11.37 crore shares, traded on December 10 last year.
The average daily turnover increased by 27.1 per cent this week compared to previous week.
"Market ended the week in green zone as opposition party called off non-stop strikes ahead of city corporation elections. Moreover, the psychological support at 4300 level also worked as a catalyst to stop further sell-off", said LankaBangla Securities Limited.
Some issues witnessed phenomenal increase in their market performance.
The newly listed United Power (UPGDCL) registered 43 per cent return this week when one of the heavyweights, BATBC registered 44.15 per cent growth in yearly net profit.
Fuel and power, textile, engineering and bank were the major performing sectors of the week.
On the other hand, cement, telecom and pharmaceuticals were the poorly performed sectors.
The top gaining companies were UPGDCL (43.0 per cent), ZAHEENSPIN (20.4 per cent) and SALAMCRST (22.0 per cent), when the major losing companies were SHAHJABANK (-12.7 per cent), PHOENIXFIN (-8.7 per cent) and POPULARLIF (-8.4 per cent).    ?BSS

Editor : Iqbal Sobhan Chowdhury
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