Moderate gain pushes DGEN to new high

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FE Report
The Dhaka Stock Exchange (DSE) saw moderate gain riding on non-banking financial institutions. In the week that ended on Thursday.
The benchmark DSE General Index (DGEN) closed at a new high of 4437.73, up by 27.25 points or 0.62 per cent.
The broader DSE All Shares Price Index (DSI) advanced 16.71 points or 0.46 per cent to close at 3688.12. The DSE-20 blue chip index shed 8.87 points or 0.35 per cent to 2550.12.
The total turnover jumped 63 per cent compared to last week as there were more trading days during the week. It was Tk 50.0 billion against the previous week's Tk 30.7 billion.
The week's daily average turnover dropped slightly to Tk 10.0 billion, down two per cent from the previous week's Tk 9.20 billion.
Losers outnumbered the gainers as out of 256 issues, 102 moved into the positive territory, 139 ended in the red, two remained unchanged and 13 were not traded.
The market dropped in first and second session on profit taking while it recovered on the third session, gaining 0.38 per cent. In the fourth session the market rose sharply with 1.36 per cent higher as most of the sectors advanced.
On the last trading session of the week the market finished at all-time high value, pulled by the banking sector and securities regulators move to restructure loan margin of securities with price earning (PE) ratio above 75.
On Wednesday, the Securities and Exchange Commission (SEC) directed the merchant bankers to immediately stop providing or disbursing any further margin loan or credit facilities to their clients to purchase the equity securities with PE ratio above 75 until further order.