The New Nation - Internet Edition

Mashiur Rahaman

Dhaka Stock Exchange closed trading for the week yesterday with 1.3 per cent growth at the general index within a day at 2936.16 points.

Recovering profit-taking pressure of earlier three days trading, investors returned to buy on Thursday, utilizing lower share prices. "This eleventh hours market recovery minimized market loss on week-to-week comparison and eventually ended trading in green," said experts from the LankaBangla Securities.

In DES general index, trading closed with 0.19 per cent growth, 5.49 points higher than the week opening 2930 points. Initial days panic selling was nothing but panic, said a market expert while talking to The New Nation.

According to him, selling pressure in pre-eid trade scenario is normal in the capital market. This time investors withdrew a portion of their investment for eid celebration. But as market situation remained vulnerable for quite a long time, this normal sale-out by some traders sparked panic selling in the market. The trend was carried out for next two days as well, said the market expert. "But at the closing day trading, investors enjoyed in buying shares with lower price, caused by earlier days panic," he added.

Moreover, market concerned has predicted the capital market to remain sustainable in near future as well. "At least we don't see any chance of market crash as the gap between selling and purchasing share rates is minimum at this moment," he further added.

At the end of weekly trading yesterday, it was reported that the number of total issued company shares in all three index was 281, unchanged from the last week's figure. Among all those trading, share prices of 91 companies raised, 153 declines and 10 remained unchanged in a week time. Total 2.59 crore shares were traded, with a market value of Tk 529.71 crore last week. During the time, total turnover decreased by 23.48 per cent as reported.

The DSE 20 Index gained total 39.50 points, closing the week at 2342 points. The Index was over 1.72 per cent at its closing from the week opening 2302.50 points.

A 0.04 per cent fall was witnessed in the DSE All Share Price Index, while it closed at 2474.92 points at the end of last trading week. The Index opened business with 2475.98 points, closed with a net loss gain of 1.06 points.

However, the DSE opened with total Tk 72754.94 crore Market Capitalization and closed the weekly trading with Tk 72728.82 crore. This was 0.04 per cent loss within a week.