DSEX hits 15-week high, turnover declines

Business Desk :
The benchmark equities index closed higher for a second straight week to Thursday, hitting a 15-week high as investors showed their appetite for sector-specific stocks.
Insurers drove the growth in both the prime index and turnover value as enthusiastic investors pumped money into the stocks of both life and non-life insurers during the week.

This week, the Dhaka Stock Exchange (DSE) saw five trading sessions — the first two sessions ended lower while the three others closed in the green in a row.
The benchmark DSEX index settled the week 0.28% or 17.77 points higher at 6,290 points, but the weekly turnover declined 7.02% to Tk3,680 crore, which indicates that the investors still remain cautious amid economic uncertainty.

However, the Shariah-based DSES index declined marginally while the blue-chip DS30 index advanced marginally.
The shares of insurance companies were bullish during the week and they dominated the chart of top 10 gainers.

Of the top 10 gainers, eight were from the insurance sector and they saw a price appreciation of 19.53% to 60%.