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Market-cap rises by Tk 2,617cr on DSE


Published : 24 Sep 2022 10:36 PM

Market-cap (capitalization) increased by Tk 2,617 crore on the Dhaka Stock Exchange (DSE) during the last week as many investors injected fresh funds for holding sector-wise securities.

The market-cap of the DSE rose by 0.50 percent to Tk 5,193.11 billion on Thursday over the previous week amounting to Tk 5,201.26 billion.

Besides stocks rebounded in the last week after returning to uptrend after a single-week correction.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 48.99 points or 0.75 percent to stand at 6,564, after losing 45 points in the previous week.

Market analysts said many investors showed their interest in selective stocks during the week, taking the market turnover and index to a higher level.

Stocks managed to remain afloat as investors focused their attention on selective stocks with the anticipation of quick-gains while other stocks extended their correction mode, they added.

The investors were active on both sides of the trading fence throughout the week ahead of June-closing corporate declarations, they mentioned.

The week's total turnover increased to Tk 101 billion on the DSE in the last over Tk 70.82 billion in the previous week.

The daily average turnover rose by 43 percent to Tk 20.22 billion over the previous week's average of Tk 14.16 billion.

The DS 30 Index, comprising blue-chip companies, increased 19.33 points to finish at 2,365 and the DSES Index rose 7.17 points to close at 1,437.

The pharmaceuticals sector dominated the turnover chart, grabbing 26.40 percent of the week's total turnover. It was followed by miscellaneous (22.20 percent) and engineering (9.40 percent).

As out of 386 issues traded, 166 ended lower, 86 higher and 134 issues remained unchanged on the DSE floor.

Orion Pharma was the most-traded stock with shares of Tk 12.40 billion changing hands during the week.

It was followed by Beximco, Bangladesh Shipping Corporation, JMI Hospital Requisite Manufacturing and LafargeHolcim.

BDCOM Online was the week's top gainer, soaring 52.62 percent while Sonargoan Textiles was the week's worst loser, losing 18.92 percent.

On the other hand, the port city bourse, the Chittagong Stock Exchange (CSE) saw higher with its selective category index (CSCX) gaining 124 points in the last week to close at 11,596 points.

The All-Share Price Index (CASPI) of the CSE was also higher by 204 points to close at 19,345 points.

Of the 337 issues traded, 116 declined, 92 advanced and 129 issues remained unchanged on the CSE trading floor.

The port city's bourse traded 11.95 crore shares and mutual fund units with turnover value of Tk 408 crore during the last week.