HOME BRANCHES IMPORTANT LINKS FINANCIAL PERFORMANCE DOWNLOADS
DSE | CSE

User Name
Password

News & Events of PBSL

24-May-2015
IPO Application Form (A4)

20-Feb-2014
Notice for change Margin Loan Ratio

28-Nov-2013
Notice for Fund Withdrawal in Margin Account

03-Nov-2013
Notice for Affected Investors

19-Jun-2013
Notice for maintaining minimum purchase power in Margin Account

Daily Business News All Daily Business News
02 Mar 2014
DSE WEEKLY REVIEW :: Stocks inch down last week

Dhaka stocks inched down last week with increased turnover amid volatile trading following profit-taking sell-offs and doubtful attitude of investors due to a Bangladesh Bank directive over banks’ capital market investments. The benchmark general index of Dhaka Stock Exchange, DSEX, fell by 0.24 per cent, or 11.31 points, over the week to close at 4,749.87 points. DS30, the blue-chip index of the bourse, finished flat at 1,693.91 points, adding 0.35 per cent or 5.89 points. The shariah index of DSE, DSES, increased to 1,002.41 points, increasing 0.72 per cent or 7.13 points.

Negative trend in the market had started from the previous week when the market closed flat as investors opted to make some profit after increasing significantly in a straight six-week gain, market operators said. The market last week started negative as some institutional and retail investors continued to sell off shares to make profit, they said. Support from the state-owned entities to keep the market afloat on the second and third trading sessions of the week, said the operators.

They also said that the market ended negative in the fourth trading session of the week following a Bangladesh Bank directive on Tuesday regarding banks’ capital market investments which made the investors sceptical whether the BB directive would result increased banks’ investment or not. The last trading session of the week finished flat despite negative sentiment in the previous trading session as couple of companies declared satisfactory corporate declaration, they said. Daily average turnover of the bourse increased to Tk 507.14 crore from Tk 373.13 crore in the previous trading session. Of the 297 shares and mutual funds traded over the week, 92 advanced, 192 declined and 13 remained unchanged. ‘Market volatility emerged by scrip-wise swings as well as expectations on corporate declarations based stock focus kept investors in a cautious mood,’ IDLC Investments said in its weekly market commentary. ‘Triggered by lucrative price hunts and switching across sectors and scrips prompted investors to re-balance their portfolio,’ it said. ‘Meanwhile, turnover demonstrated a normalized scenario of going up & down, making market activities to be amplified,’ said IDLC.

Olympic Industries led the turnover chart of the week as its shares worth Tk 126.68 crore changed hands. BSC, Square Pharma, Singer Bangladesh, Bangladesh Submarine Cable Company, Grameenphone, Meghna Petroleum, IDLC Finance, Confidence Cement and Delta Life Insurance were among other turnover leaders. Al-Haj Textile gained the most last week as its share prices increased by 41.94 per cent, while Eastern Lubricants, Renwick Jajneswar, Apex Spinning, Desh Garments, BSC, Mithun Knitting, Singer Bangladesh, Apex Tannery and Kohinoor Chemicals followed the chart.

Generation Next Fashions was the worst loser of the week as its share prices declined by 20.45 per cent, while Prime Insurance, NCCBL Mutual Fund-1, AFC Agro Biotech, IPDC, Islamic Finance, Mercantile Bank, Padma Islami Life Insurance, BIFC and Kay & Que were among other losers.

Source :: The New Age