Weekly Dhaka Stock Exchange, DSE, Dhaka Bourse has seen a hike in Turnover, Index & Market Capitalization. This information was disclosed in the weekly market review from the DSE.
According to sources, (5 working days) the turnover of DSE hiked by Tk 700 crore 28 lakh (20 August – 24 August). At the same time, the market capitalization has also gained by 1 thousand 888 crore 94 lakh 85 thousand 021 taka.
The benchmark index ‘DSEX’ added by 25.26 points or 0.40 percent, in the outgoing week. At the end of the week, the index stands at 6,280 points. The Shariah-based index ‘DSES’ gained 7.63 points or 0.56 percent and therefore the index stands at 1,365 points. The blue-chip index ‘DS30’ increased by 8.83 points or 0.42 percent, hence the index stands at 2,130 points.
Shares and units worth 2 thousand 190 crore 61 lakh taka were traded in Dhaka Stock Exchange. At the end of the week, the market capitalization stood at 7 lakh 75 thousand 224 crore 89 lakh 20 thousand 633 taka.
Shares and units of 403 companies were traded on Bourse during the week. Of these, 225 shares were unchanged, 60 companies declined, and 97 companies advanced.
Fu Wang Foods Limited has ranked at the top of weekly trading on DSE. It is known that 5 crore 59 lakh 82 thousand 860 shares of the company were traded throughout the week. Its market value is 193 crore 44 lakh takas.
Miracle Industries has ranked at the top of weekly gainers on DSE. It is known that the share traded a total of Tk 36 crore 80 lakh, which is an average of 7 crore 36 lakh per day. The share has risen 42.81 to its highest price.
Mercantile Islami Insurance PLC has ranked at the top of weekly losers on DSE. It is known the share traded a total of Tk 2 crore 44 lakh, which is an average of 48 lakh shares per day. The share has dropped 5.41 percent lowest in the last week.
BSEC Chief Encourages Capital Market Investment Ahead of National Election
The Chairman of the Bangladesh Securities and Exchange Commission (BSEC), Professor Shibli Rubayat-Ul-Islam, has called on investors to consider increasing their participation in the capital market in anticipation of the economic upswing following the forthcoming national election.
Expressing confidence in the current political stability, he noted that this is an opportune time for savvy investors to bolster their capital market portfolios. The Chairman emphasized his optimism for a revitalized capital market post-election and pledged to ensure that vested interests do not disrupt market dynamics.
Despite global economic fluctuations due to the COVID-19 pandemic and the Russia-Ukraine conflict, Bangladesh’s capital market has remained relatively stable. Rubayat-Ul-Islam also reassured investors that the BSEC is working diligently to protect their interests amid challenging times.
In response to concerns about the country’s foreign currency reserves, Chairman Rubayat-Ul-Islam highlighted the strategic allocation of foreign currency toward industrialization and infrastructure development. He emphasized that this allocation would yield substantial benefits for Bangladesh in the near future. The BSEC’s unwavering commitment to regulatory enforcement has contributed to bolstering investor confidence. The Commission’s legal, monitoring, and surveillance units remain vigilant, making it increasingly difficult for any malicious actors to engage in market misconduct.
Furthermore, Bangladesh has gained recognition as an attractive global investment destination, with numerous research organizations publishing positive reports on the nation’s economic development. This reputation has piqued the interest of investors worldwide.
US Stock Indices Display Volatile Week
The S&P 500 and NASDAQ experienced weekly drops of approximately 3% to 4%, marking their third consecutive week of declines. These losses were primarily triggered by significant downturns during Wednesday afternoon and Thursday, following the latest U.S. Federal Reserve meeting.
Reviewing the US Stock Markets, the Nasdaq Composite, recorded a decent gain of 8 points, reaching a closing value of 13,219 points by the end of the week. Similarly, the S&P 500 index showed a negative trend, losing 32 points to settle at 4,288 points. Meanwhile, DJIA Index experienced a notable shed, diving by 456 points during the week and concluding at 33,507 points after a week of lose.
In contrast, Russell 3000 Index saw a loss in week performance, with a loss of 13 points to reach 2,462 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable added of 9 points, ending the week at a steady 1,785 points.
European Stock Markets Witness Weekly Decline
In the Outgoing week, the European stocks market displayed a negative performance.
Here is the data on the weekly performance of the European Stock Market, The STOXX Europe 600 index, which is considered a leading benchmark for the European market and covers approximately 90 percent of the market capitalization across 17 countries, reported a loss of 3.04 points to close at 450.22.
The United Kingdom’s FTSE 100, one of the most widely followed indices in Europe, also showed a significant drop, losing 75 points or finishing the session at 7,608.
In Germany, the DAX 30 index, dropped by 171 points to reach 15,386, while France’s CAC 40 decreased by 49 points to stop at 7,135 at the end of the trading day.
Italy’s FTSE MIB, which covers the top 40 stocks traded on the Milan Stock Exchange, losing 332 points to 28,243. However, Spain’s IBEX 35, dived by 74 points, to close at 9,428.
- BSEC Chief Encourages Capital Market Investment Ahead of National Election
- US Stock Indices Display Volatile Week
- European Stock Markets Witness Weekly Decline
- Weekly South Asian Stock Markets Shows Varied Performance
- Negative Trend reports on Weekly DSE
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- President Shahabuddin Encourages Youth to Embrace Modern Knowledge and Patriotism
- Bangladesh Celebrates Prime Minister Sheikh Hasina’s 77th Birthday
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- DSE Performed Mixed
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- BBS Cables declares 2% Cash Dividends
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- Apex Footwear discloses its Dividends