Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 894 Sat. December 02, 2006  
   
Business


Weekly Roundup
DSE indices drop 2pc


The Dhaka Stock Exchange (DSE) witnessed a bearish trend last week with all indices dropping by more than two percent.

The DSE General Index dropped by 32.74 points, or 2.10 percent, to close at 1527.29 points on Thursday, the last working day of the last week, from 1560.03 points on November 25, the last working day of the previous week.

DSE All Share Price Index also declined by 28.23 points, or 2.18 percent, to close at 1267.97 points last week from 1296.20 points of the previous week.

Besides, DSE 20 Index, which comprises blue chips, also decreased by 27.32 points, or 2.02 percent, to close at 1324.76 points last week from 1352.08 points.

Turnover on the premier bourse also went down by 29.74 percent last week. The total turnover in terms of value on the DSE was Tk 108.62 crore last week against Tk 154.61 crore in the previous week.

However, the daily average turnover also declined by 29.74 percent last week from the previous week. In the last week, daily average turnover on the bourse was Tk 21.72 crore while the figure was Tk 30.92 crore in the previous week.

Total transactions on the DSE also shed by 31.33 percent last week. A total of 1,62,60,226 shares of 261 issues were traded on the premier bourse last week while 2,36,78,449 shares changed hands in the previous week.

Of the issues traded, 37 closed higher, 183 ended lower and 10 remained unchanged.

The top ten turnover leaders in the week were Power Grid Company of Bangladesh (PGCB) Ltd, Dhaka Electric Supply Company Ltd, City Bank Ltd, Summit Power, Bextex Limited, Pubali Bank, United Commercial Bank Ltd, Rupali Bank, Heidelburg Cement and AB Bank.

Market analysts said investors' participation in trading the last week was thin due mainly to 14-party's programmes demanding electoral reforms.

Besides, they said, there was a selling pressure from the individual investors, as the 14-party threatened to enforce countrywide blockade programme for the fourth time from Sunday.