The New Nation - Internet Edition

Staff Reporter

Bull sustained its supremacy over bear in the Dhaka Index during last trading week, closing on Thursday. All three Index lists in Dhaka Stock Exchange (DSE) showed significant growth, successfully overcoming previous week's bearish drive. Among others, the DSE General Index was the utmost gainer, added 103.83 points, that is 3.66% growth from the week opening 2836.32 points mark.

However, experts related to the Share business predicted a slower beginning in coming week (starting from 10th November) but no major sellout trend was forecast.

"As far our analysis, DSE will remain in the greenish side in the next week as well, but it could start with a slide fall," said ATM Shafiq Ahmed, market expert and Assistant CMSD Officer of Dhaka Bank Limited, while talking to the New Nation.

According to him, shares of various Banking and Financial sectors showed paramount gain during last trading week. Following the trend, other companies also showed moderate gain in their accounts, he stated. "Upcoming dividend announcements in many banks and insurance companies as well as the present socio-economical conditions in the country are the major driving force behind this growth," Shafiq Ahmed explained present market situation.

However, at present, not only the old and larger investors are involved in business in the market, but ongoing share market returns have attracted many new and smaller investors. "Considering growing consistency in the equity business, bullish trend is likely to sustain in coming week as well," expert of CMSD- Dhaka Bank foretell.

However, Index levels of all three categories remained almost in the green zone throughout all four trading days, during last week. DSE General Index opened trading week with 2836.32 points and closed at 2940.15 points mark.

On the other hand, DSE 20 Index gained total 57.55 points, closing the week at 2252.21 points. The Index was over 2.62% at its closing time from the week opening 2194.66 points.

Total 3.40% growth was also witnessed in the DSE All Share Price Index, while it closed at 2494.01 points at the end of trading week. The Index opened business with 2411.8 points level and successfully closed with a net gain of 82.03 points.

At the end of this week on Thursday (8th November 2007) total 4.81 crore shares of 279 companies were traded throughout the week, with a value of Tk 855.07 crore. In a week time, total turnover decreased by 39.48% as reported.

However, the DSE opened with total Tk 69401.84 crore Market Capitalization and closed the trading week with Tk 71344.07 crore. The closing figure was 2.80% higher than the opening one.