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Sunday, December 22, 2024
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Stocks close week up on constant recovery

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Economic Reporter :
Stock market closed week up through maintaining steady recovery for the third consecutive session on Thursday, with gradual improvement in transactions in terms of both value and volume.
DSEX of Dhaka Stock Exchange (DSE) finished the week at 4357.53, which was 22.24 points up over the previous session, but was lower from last week’s close at 4370.49.
The broader index of the premier bourse began the week downward and sunk further on the following day before showing recovery trend at the third session that continued for the rest of the week.
Similarly, the blue-chip DS30 and the Shariah DSES finished the week up at 1648.95 and 1052.13 respectively after witnessing fall in the first two sessions of the week.
Chittagong Stock Exchange (CSE) also closed the week up, with showing
strong recovery in its broader CSCX index that finished at 8140.85, advancing
by 30 points over the last session.
The trade value at DSE was only Taka 278.81 crore on Sunday, the opening day of the week, but it rose significantly to Taka 412.96 crore on Thursday. The daily trade volume was down in the first three trading sessions, but improved in the last two sessions, with increasing to 12.62 crore shares.
Accordingly, total daily turnover in volume on CSE rose to 1.02 crore shares on Thursday from 81.59 lakh shares of the previous session when the trade value increased to Taka 35.17 crore from Taka 23 crore of the last session.
Majority of the issues traded at the two bourses closed higher on improved participation, with 158 securities on DSE and 115 issues on CSE gaining at close of the week. A total of 110 issues incurred loss on DSE at the last day of the week while 84 securities closed lower on CSE.

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