The New Nation - Internet Edition

UNB, Dhaka

The Dhaka Stock Exchange (DSE) registered fall in the week that ended Wednesday amid market correction, as investors

had opted for profit taking from an upward trend from weeks before the nine-day eid vacation.

The post-eid trading resumed on Sunday with the market witnessing an upbeat mood and the benchmark index crossed 3,000-mark in last three months.

But, on the following day (Monday), the DSE General Index suffered a sharp fall that also continued on Tuesday, before bouncing back again on Wednesday to close the week's trading.

Brokers said the 3,000-mark emerged as a psychological barrier when investors hastened to take profit on perception that the prices of shares would start falling from the point.

The DSE General Index (DGEN), the benchmark index, dropped 30 points or one percent to close at 2,937 at the closing of the 4-day week on Wednesday. The All Share Price Index (DSI) fell 63 points or 2.52 percent to close at 2,435 while the DSE-20 index of selective shares declined 24 points or about one percent to close at 2,442.During the week, the total turnover dropped 6 percent to Tk 19.64 billion from Tk 20.99 billion in the previous trading week. However, the daily average turnover rose 17 percent to Tk 4.91 billion from Tk 4.19 billion.

The price earning of the stocks declined by over 2 percent in the

week to 20.83 compared to 21.33 of the previous week. Market

capitalisation decreased by about 2 percent to Tk 1.021 billion last week from Tk 1.039 billion in the previous week.

Beximco Pharma, Beximco, Lankabangla Finance, Titas Gas, ACI Limited, Summit Power, GrameenS2, S Alam Colled Rolled Steel Limited, Keya Cosmetics and Union Capital were the turnover leaders of the week.

Top gainers of the week were Modern Cement, Daffodil Computers, Keya Detergent, Padma Cement, Golden Son, Bionic Sea Food, Alltex Industries Ltd., BDCom Online Limited, Miracle Industries and City General Insurance.

Top Losers were Rupali Bank, Pragati Life Insurance, BLTC, ICB, BSC, BD Luggage, Prime Islami Life, Metales Corporation, 1st BSRS and Aramit.