Weekly Roundup
DSE indices fell on panic sales
Star Business Report
Share price indices on the Dhaka Stock Exchange (DSE) fell last week due mainly to panic sales by the investors unnerved by the crackdown on alleged corrupts and financial frauds.The joint forces last week asked the DSE to release investment details about three former lawmakers and their families. The benchmark DSE General Index lost 13.29 points, or 0.74 percent, ending the week at 1794.02 points over its previous week's close of 1807.31 points. The DSE All Share Price Index, which includes all shares of the stock exchange, also dropped by 2.49 points, or 0.17 percent, to close at 1495.70 points against 1498.19 points the previous week. Market analysts said early last week there was a selling pressure from the investors panicked by the government's drive against financial corrupts. A massive fall in the markets worldwide during the last couple of days is also seen as a reason for this downbeat mood, they said. However, investors' worries eased a bit at the later part of the week that helped the market to avoid a sharp fall on a week-on-week basis, they added. The total turnover on the premier bourse, however, went up by 9.12 percent. Last week's turnover was Tk 412.72 crore against Tk 378.24 crore the previous week. The total transactions fell by 17.80 percent. A total of 62,148,941 shares were traded on bourse, while 75,604,191 shares changed hands during the previous week. Out of 264 issues, 243 were traded on the DSE last week. Of the issues traded, 72 advanced, 156 declined and 15 remained unchanged. The top ten turnover leaders of the week were Power Grid Company of Bangladesh (PGCB), Dhaka Electric Supply Company, Brac Bank, Grameen Mutual Fund One, United Commercial Bank, Pubali Bank, Rupali Bank, AIMS First Mutual Fund, Eastern Cables and Agni Systems. PGCB, the stat-run power company, topped the list of turnover leaders with 1,413,000 shares worth Tk 65.59 crore, accounting for some 15.89 percent of the total market turnover. At the end of the week, market capitalisation of the DSE stood at Tk 38,032 crore.
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