Dhaka stocks end the week flat

January 31, 2014

Dhaka stocks ended flat on Thursday, the last trading session of the week, with an increased turnover. The benchmark general index of Dhaka Stock Exchange, DSEX, closed at 4,753.17 points, adding 0.09 per cent or 4.65 points. The blue-chip index of the bourse, DS30, declined by 0.15 per cent, or 2.60 points, to close at 1,660.35 points. Shariah index, DSES, closed at 974.27 points, shedding 0.09 per cent or 0.93 points.
Market operators said the market started positive on the day but it failed to sustain the gain in late trading after the pronouncement of the verdict in two cases on the country’s ever biggest arms haul.
They also said profit-taking move of investors in late trading might be another reason for the flat ending.
‘Upbeat vive couldn’t sustain at the end of today’s [Thursday] session as investors tended for profit booking,’ IDLC Investments said in its daily market commentary.
It said, ‘Preference to sector-wise and scrip-wise movement backed by earning disclosures and expectations led rebalancing their portfolio.’
‘However, today’s [Thursday] turnover showcased robust movement, going up by 36.50 per cent to Tk 857 crore. Earning declarations mostly magnified this activity,’ IDLC said.
The turnover of the bourse increased to Tk 856.98 crore from the previous trading session’s Tk 627.84 crore.
Of the 295 shares and mutual funds traded, 174 advanced, 89 declined and 32 remained unchanged.
Meghna Petroleum led the turnover leaders with its shares worth Tk 41.04 crore changing hands.
Padma Oil, Generation Next Fashions, Tallu Spinning, Aamra Technologies, Olympic Industries, Confidence Cement, Keya Cosmetics, Grameenphone and Square Pharma were among the other turnover leaders.
Bangladesh Building Systems gained the most with a 9.90-per cent increase in its share price, while Golden Harvest Agro Industries lost the most, shedding 7.48 per cent.

-With New Age input

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