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DSE market cap fell Tk 584.3bn last week

Posted by methun

The Dhaka Stock Exchange (DSE) closed last week on an upbeat note, even though it had started the week with a dip.

After 5 days (Oct 9 to Oct 13) of transaction, the DSE general index lost 159.44 points and closed at 5568.36 points on the last trading day of the week.

The country's premier bourse has lost 341.84 points on its general index in the last two weeks.

On Sunday, the general index lost 149 points. Again, on Monday it lost 15 and on Tuesday it lost 226 points.

Following continuous fall, retail investors protested in front of the DSE office in Motijheel, asking for the finance minister's resignation.

The market regulator, Securities and Exchanges Commission, held talks with various stakeholders on Wednesday following the demonstrations by investors.

On Wednesday, within 25 minutes of trading, DSE index lost 154 points and stood at 5139 points, which was same as two years back.

However, after an announcement from SEC, the market turned around. At the end of the day, the index gained more 66 points and on the last day of the week, it added another 209 points.

Market capitalisation of the DSE decreased by Tk 584.3 billion compared to the preceding week. But the total transaction of the market was 19.77 percent higher than the previous one.

Of the traded companies, shares of 223 decreased, 31 companies gained and 12 remained unchanged.

Lafarge Shurma, Beximco Limited, Grameenphone, Beximco Farma, Titas gas, National Bank, Summit Power, M I Cement, United Commercial Bank and Jamuna Mobil topped of the list of gainers.

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