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Ariful Islam

Stocks saw an almost flat week last week at both the bourses, as investors showed both sides of trading with careful positioning, on sector-wise securities.
Market analysts said, some of the investors were busy buying shares to hold their position on sector-wise securities, while others were on the selling spree to book profits ahead of earnings and dividend declarations, which resulted in the market closing almost flat.
Most of the investors were selling shares from food & allied, banking and pharmaceutical sector stocks, anticipating positive earnings disclosure, they mentioned.
Some investors took position in the power, engineering, telecommunication, and financial institution securities, they said.
Most of the investors showed buying spree to take advancement on lucrative price of different shares which pushed the market turnover up significantly.
However, the week finished with five trading days as Friday and Saturday are weekend holidays. Of them, three days closed higher while two days finished lower.
The prime index of Dhaka Stock Exchange went down by 3.37 points or 0.06 percent during the week, to settle at 5,358.91 points on Thursday.
Meanwhile, the comprising blue chips index (DS30) slummed by 19.68 points during the week, to close at 1,906.70 on Thursday and Shariah index (DSES) rose 6.06 points or 0.48 percent to finish at 1,267.38 in the span of one week.
The daily average turnover stood Tk 9.70 billion, which was almost 27 percent higher than the previous week’s average of Tk 7.64 billion.
Besides, total turnover on the DSE stood at Tk 48.50 billion, posting a gain of 84.51 percent over Tk 30.56 billion in the previous week.
The gainers beat over the losers as out of 343 issues traded, 171 closed higher, 148 lower and 25 remained unchanged on the DSE floor.
The market capitalisation of the DSE increased by 0.12 percent to Tk 3,868.77 billion as against Tk 3,863.95 billion on first working day of the week.
Bashundhara Paper Mills Limited dominated the DSE floor and was on top of the week’s turnover chart.
Market data shows, 12,990,147 shares of the Bashundhara Paper Mills were traded on the floor of the Dhaka Stock Exchange (DSE) during the week and its market value stood at almost Tk 2,144.14 million.
It was followed by BBS Cables with Tk 1,595.24 million, Ratanpur Steel Tk 1,525.59 billion, United Power Tk 1,393.46 million and Singer Bangladesh Tk 937 million.
The Peninsula Chittagong was the week’s best performer, posting a gain of 40.51 percent last week while BD Autocars was the worst loser, losing 25.37 percent.
However, the Chittagong Stock Exchange (CSE) finished slightly higher with the CSE All Share Price Index – CASPI -advancing 9.0 points to settle at 16,513.
The Selective Categories Index – CSCX – also gained 11 points to close at 9,994.
The port city bourse, the Chittagong Stock Exchange (CSE) also saw positive trend during the last week with its selective category index (CSCX) losing 11 points to close at 9,994 points.
All Share Price Index (CASPI) of the CSE was higher by almost 9 points on Thursday to close at 16,513 points.
At the CSE, total 287 issues were traded. Among them, 148 closed higher, 121 ended lower and 18 remained unchanged.
However, the number of shares transacted on the floor of the CSE was 77,031,307 and the total turnover in value was Tk 258 crore during the last week.