DSE index rewrites record on active trading
07 February 2014 BSS, Dhaka
Active transactions of blue-chips' shares led the broad-based index of Dhaka Stock Exchange (DSE) to a new high at the week's close on Thursday.
The DSEX index of DSE rose to 4845.08, the highest in more than a year since its lunching on January 27, 2013. The previous record high was 4826.51 on Monday last. The DSEX rose in four trading sessions of the week sans Tuesday when the index slid marginally.
Similarly, the blue-chips DS30 and the Sharia-based DSES advanced for four days and finished the week higher at 1681.91 and 996.35 respectively.
Stockbrokers attributed the rise to the active trading of blue-chips shares that included companies from pharmaceuticals and chemicals, power and fuel, telecommunication, banking and financial institutions sectors.
Some 14.59 crore shares worth taka 770.40 crore were traded on Thursday, which was higher from Wednesday's taka 620.58 crore. The daily trade value remained slim as investors were holding tight ahead of corporate disclosure of listed companies.
Over the week, investors were cautiously buying shares of different companies to book dividends. This "range trading' caused unstable movements in share prices across the board.
Out of 294 traded issues, 148 gained, 118 incurred loss and 28 remained unchanged.
Brokers think the range trading would likely to dominate the market before corporate disclosures. Some brokers expects that the index would continue steady rise should there be no major changes in political situation and policy regime.
