Dhaka stocks return to green last week, turnover jumps
The Dhaka Stock Exchange (DSE) returned to the green this week, with the daily average turnover increasing by 10 percent week-on-week, driven by gains in pharmaceuticals, banking, and IT shares.
The benchmark DSEX index rose 32.61 points, or 0.64 percent, to close at 5,166.53, according to DSE data.
The blue-chip DS30 index advanced 19 points to 1,913, while the Shariah-based DSES index edged up 11 points to settle at 1,162.
Turnover, a key market indicator, increased to Tk 2060 crore for the week compared to Tk 1890 crore in the previous week.
The daily average turnover increased by 10 percent to Tk 412 crore in the previous week from Tk 378 crore a day earlier.
"Market movement was driven by positive changes in the market cap of pharmaceuticals and chemicals, banks, and IT scrips amid negative changes in the market cap of fuel and power, food and allied, and mutual fund scrips," said Shanta Securities in its weekly market review.
ADN Telecom dominated the turnover chart with transactions worth Tk 18.3 crore, followed by Orion Infusion, Khan Brothers PP Woven Bag, Asiatic Laboratories, and Midland Bank.
The pharmaceutical sector continued its dominance, contributing 17 percent of the week's total turnover, followed by the textile (13 percent) and engineering (11 percent) sectors.
Of the 397 issues traded, 201 advanced, 150 declined, and 46 remained unchanged.
Khulna Printing & Packaging emerged as the top gainer, soaring 22.8 percent, while Power Grid Company suffered the steepest loss, shedding 21.5 percent.
The Chittagong Stock Exchange (CSE) also posted gains, with the CASPI index adding 97.14 points to close at 14,449.
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