Stocks
DSE Witnesses Bullish Week as Turnover, Index Surge
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.
/NR
Reviewing the U.S. Stock Markets, the Nasdaq Composite, recorded a decent loss of 1,023 points, reaching a closing value of 16,690 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, losing 240 points to settle at 5,408 points. Meanwhile, DJIA Index experienced a notable hike, adding 1,218 points during the week and concluding at 40,345 points after a week of gaining.
In contrast, Russell 3000 Index saw a loss in week performance, with a slight drop of 141 point to reach 3,077 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable lost of 126 points, ending the week at 2,091 points.
In the Outgoing week, the European stock market displayed a mixed 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 18.49 points to close at 506.56.
The United Kingdom’s FTSE 100, one of the most widely followed indices in Europe, also showed a significant drop, losing 195 points or finishing the session at 8,181.
In Germany, the DAX 30 index, added by 605 points to reach 18,301, while France’s CAC 40 decreased by 278 points to stop at 7,352 at the end of the trading day.
Italy’s FTSE MIB, which covers the top 40 stocks traded on the Milan Stock Exchange, decreased by 1,081 points to 33,291. However, Spain’s IBEX 35, lost by 228 points, to close at 11,173.
A review of South Asian stock markets shows that India’s Bombay Stock Exchange (BSE) index BSE Sensex has lost 1,182 points during the week. At the end of the week, the index stood at 82,365 points. On the other hand, the Nifty-50 index of the country’s National Stock Exchange dropped by 383 points last week. At the end of the week, the index stood at 24,852 points.
Pakistan Stock Exchange Index ‘KSE 100’, added 459 points last week. After a week of losing, the index settled at 79,002 points.
On the other hand, The Sri Lankan stock market index loss, and the Colombo Stock Exchange index ‘ASPI’ decreased by 94 points in a week. After a week the index settled at 10,775 points.
Bhutan’s stock market index ‘BSI’ dropped by 9 points hence the index stood at 1,500 points throughout the whole week. Nepal’s ‘NEPSE’ lost 22 points, therefore the index stands at 2,727 points.
Hence Dhaka Stock Exchange: The benchmark index ‘DSEX’ lost by 75.77 points or 1.31 percent, in the outgoing week. At the end of the week, the index stands at 5,728 points.
