The New Nation - Internet Edition

Staff Reporter

The trading index of the Dhaka Stock Exchange (DSE) witnessed a buying surge yesterday, which eventually ended in green. The market ended the weeks trading on the day in red, after witnessing a week of flat trading.

"We had to deal with huge buying orders in almost every sector," a brokerage house official told the New Nation at the end of the day. Profit taking was relatively on the day, he added.

Turnover on the bourses also recorded a substantial increase from the previous day as the lower depth market made investors confused.

On weekly comparison, DSE General index ended the trading week with 39.44 points loss. Index of this particular category initiated trading at 3092 points and ended with 3052.51 points, losing 1.28 per cent within the week.

DSE 20 index, however, have witnessed a positive trading week, enjoyed 51.89 points gain after a week trading. The index opened weekly trading at 2375.18 points and ended 2355.25 points.

The DSE All Share Price Index also witnessed 22.41 points loss after a week trading, ending the week at 2589.77 points.

At the end of this week total 10.82 crore shares worth Tk350.59 crore were traded throughout the week. In a week time, total turnover decreased by increased by 22.95 per cent as reported. However, the DSE opened with total Tk 86018.58 crore Market Capitalization and closed the trading week with Tk 85431.43 crore. It was 0.68 per cent lower than the opening.

However, the DGEN or general index maintained an upward curve across the day yesterday and gained 32.85 points or 1.08 per cent to close at 3052.61 points.

The DSI or all-share price index ended on 2589.76, advancing 28.04 points or 1.09 per cent from the previous day. The bourse's blue chip DSE-20 rose 23.23 points or 0.96 percent to 2427.19.

Turnover increased to Tk 4.05 billion from Wednesday's Tk 3.50 billion, with 23,159,207 shares changing hands.

Of the traded issues, 120 gained and 108 declined, with 11 issues holding steady.