The New Nation - Internet Edition

UNB, Dhaka

The country's prime bourse maintained a soft stability last week after bouncing back in the previous week following a slump for nine consecutive weeks.

The DSE General Index (DGEN) increased 59 points or 2 percent to close at 2,765 at the end of the 4-day trading week on Thursday. The All Share Price Index (DSI) also rose 2 percent to close at 2,369 points.

"We can say the market attained a soft stability last week as we're not sure that the rising trend would continue to recover the market losses since June 1," said a senior executive from an institutional investor.

The market shed 637 points during a period between June 1 to August 19. The market bounced back from the bearish trend on the following two days of August 20 and 21, recovering about 134 points.

"If the market trend continues for another 1-2 weeks, the index would be stabilized further and new investors would be interested in the market," said the executive.

During the last week, total turnover increased by 29 percent to Tk 10.67 billion while shares of A category contributed 84 percent. Daily average turnover was Tk 2.67 billion.

The price earning of the stocks increased by about 2 percent over the previous week to 20 percent. Market capitalization increased by about 2 percent to Tk 963 billion.

Top gainers of the week by closing price were ICB, Peoples Insurance, Ist BSRS, Popular Life, Lexco, Agrani Insurance, National Polymer, Prime Islami Life Insurance, Reliance Insurance and Eastern Cables.

Top losers were Pubali Bank, Maq Enterprise, Kohinoor Chemicals, Bangladesh Thai Aluminium, Renwick Jajneswar, Wonderland Toys, Jamuna Bank, Rahim Textile, National Bank and Shahjalal Islami Bank.

Turnover leaders of the week were Titas Gas, Beximco Pharma, BEXIMCO, Islami Bank, AB Bank, Lankabangla Finance Company, Uttara Bank, Keya Cosmetics, ACI Limited and Square Pharma.