DSE Weekly Roundup
Turnover down 28.73pc
Sarwar A Chowdhury
As trading on Dhaka Stock Exchange (DSE) took place only for three days last week against four days in the previous week, the turnover in terms of value on the premier bourse dropped by 28.73 percent.The total turnover in terms of value on the DSE was Tk109.96 crore last week against Tk154.30 crore in the previous week. The daily average turnover on the prime bourse also declined by 4.98 percent last week from the previous week. In the last week, daily average turnover on the bourse was Tk36.65crore while the figure was Tk38.57 crore in the previous week. Total transactions on the DSE also dipped by 37.02 percent last week. A total of 1,24,47,709 shares of 261 issues were traded on the premier bourse last week while 1,97,65,098 shares changed hands in the previous week. However, the price indices rose during the last week. The DSE General Index shot up by 46.89 points, or 3.18 percent, to close at 1522.44 points on Thursday, the last working day of the last week, from 1475.55 points on November 9 (the last working day of the previous week). DSE All Share Price Index also went up by 31.85 points, or 2.58 percent, to close at 1266.10 points last week from 1234.25 points of the previous week. Besides, DSE 20 Index, which comprises blue chips, also increased by 20.44 points, or 1.59 percent, to close at 1308.78 points last week from 1288.34 points. Of the issues traded last week, 123 closed higher, 70 ended lower and 31 remained unchanged. The top ten turnover leaders in the week were Power Grid Company of Bangladesh (PGCB) Ltd, Rupali Bank, Heidelburg Cement, Dhaka Electric Supply Company Ltd, Pubali Bank, Bextex Ltd, United Commercial Bank Ltd, City Bank Ltd, Bangladesh Industrial Finance Company (BIFC) Ltd and Lafarge Surma Cement. PGCB, the state-owned power company, topped the list of turnover leaders with 19,04,750 shares worth Tk37.91 crore, accounting for 34.48 percent of the total market turnover. Although the DSE authorities decided to keep the bourse open during the countrywide blockade programme enforced by the 14-party alliance, trading on the bourse did not take place on Sunday and Monday due to quorum crisis. On Sunday and Monday only 38 and 36 DSE members logged into the trading system, but the DSE quorum needs at least 70 members to start trading. Meanwhile, the BIFC made its debut on the bourse on Wednesday. Earlier, the BIFC floated around 11.10 lakh shares during its initial public offering (IPO) subscription period with a face value of Tk100 per share.
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