DSE bullish mood continues for 9th straight week

---

Dhaka Stock Exchange (DSE) continued its bullish mood for the ninth straight week that ended Monday, thanks to investors' enthusiasm to buy shares of banks.
The week witnessed only two days of trading, as the stock exchange remained closed for three remaining days due to Eid-ul-Azha. The market will reopen tomorrow (Sunday) as usual.
Banking sector dominated the market as it did in the previous week and became the highest gaining sector in the week ahead of their year-end closing, dealers said.
The benchmark DSE General Index (DGEN), the main gauge of the market, ended at a fresh high of 8,443.34 Monday, the last trading session in the week, with a rise of 1.63 per cent or 135.64 points.
The broader All Shares Price Index (DSI) moved up by 1.65 per cent or 113.93 points to 7,007.97 on the day. The DSE-20 Index comprising blue chips was up by 1.92 per cent or 95.96 points to 5,074.24.
Banking issues, which make up more than one-third of the market cap, continued to flex their muscle. Out of 30 banks, 29 gained in consecutive two sessions in the week.
Grameenphone, the most weighted shares in the DSE and the lone listed company in the telecommunications sector continued to gain.
The week's turnover leaders were Peoples Leasing and Financial Services Limited, Southeast Bank Limited, AB Bank, United Commerce Bank Limited, Social Islami Bank Limited and Beximco Limited.
Tallu Spinning, Desh Garment, Hakkani Pulp and Paper, Safko Spinning, Mithun Knitting, Safki Spinning and Iamam Button were the highest gainers of the week.
Prominent losers included DESCO, Atlas Bangladesh, Shaiham Textile, Seventh ICB, BSC, Second ICB and Green Delta.