DSE continues to experience bull run
Saturday, 27 November 2010
The Dhaka Stock Exchange (DSE) continued to experience bull-run for the 10th straight week that ended Thursday, which was the longest winning week this year.
The benchmark DSE General Index (DGEN) gained 6.52 per cent or 533.76 points to close at a fresh high of 8721.08, driven mainly by banking and insurance issues.
The broader All Shares Price Index (DSI) was up by 6.53 per cent or 443.68 points to 7,236.43. The DSE-20 comprising blue chips rose 5.62 per cent or 274.17 points to finish at 5,155.63.
Among the most notable gainers were insurance companies. General insurances and life insurances were up by 10.63 per cent and 7.95 per cent respectively.
Banking issues, which make up more than one-third of the market capitalisation, continued to flex their muscle and the sector gained 3.23 per cent in the week.
"The regulator's credit tightening measures did not make any impact on the trade volume as the turnover continued to remarkably rise in the week", dealers said.
On Sunday, the Securities and Exchange Commission halved loan margin ratio to 1:0.5 from 1:1, in an apparent move to tame the overbought market.
In a desperate effort to make the investors alert about overvalued stocks, on Tuesday the DSE suspended share trading of 13 companies until further order due to unusual price hike of their shares, at the instruction of the Securities and Exchange Commission (SEC).
Total turnover last week was understandably much higher than that of the previous week since there were only two trading sessions in the previous week because of Eid vacation.
The daily average turnover stood at Tk 27.74 billion in the week compared to the previous week's Tk 23.88 billion.
Out of 250 issues traded, 215 gained, 32 declined, two remained unchanged and one was not traded.
Other major sectors also closed positive in the week. Non-Banking and financial Institutions soared 1.13 per cent and fuel and power sector 5.06 per cent.
Among the losers, telecommunications declined 4.0 per cent, cement 3.07 per cent and tannery 1.12 per cent.
Beximco Ltd was the top turnover leader with shares worth Tk 4.98 billion changing hands.
Other turnover leaders were NCC Bank, UCBL, Pubali Bank, Southeast Bank, People's Leasing, Titas gas, Shahjalal Islami Bank, AB Bank and National Bank.
The benchmark DSE General Index (DGEN) gained 6.52 per cent or 533.76 points to close at a fresh high of 8721.08, driven mainly by banking and insurance issues.
The broader All Shares Price Index (DSI) was up by 6.53 per cent or 443.68 points to 7,236.43. The DSE-20 comprising blue chips rose 5.62 per cent or 274.17 points to finish at 5,155.63.
Among the most notable gainers were insurance companies. General insurances and life insurances were up by 10.63 per cent and 7.95 per cent respectively.
Banking issues, which make up more than one-third of the market capitalisation, continued to flex their muscle and the sector gained 3.23 per cent in the week.
"The regulator's credit tightening measures did not make any impact on the trade volume as the turnover continued to remarkably rise in the week", dealers said.
On Sunday, the Securities and Exchange Commission halved loan margin ratio to 1:0.5 from 1:1, in an apparent move to tame the overbought market.
In a desperate effort to make the investors alert about overvalued stocks, on Tuesday the DSE suspended share trading of 13 companies until further order due to unusual price hike of their shares, at the instruction of the Securities and Exchange Commission (SEC).
Total turnover last week was understandably much higher than that of the previous week since there were only two trading sessions in the previous week because of Eid vacation.
The daily average turnover stood at Tk 27.74 billion in the week compared to the previous week's Tk 23.88 billion.
Out of 250 issues traded, 215 gained, 32 declined, two remained unchanged and one was not traded.
Other major sectors also closed positive in the week. Non-Banking and financial Institutions soared 1.13 per cent and fuel and power sector 5.06 per cent.
Among the losers, telecommunications declined 4.0 per cent, cement 3.07 per cent and tannery 1.12 per cent.
Beximco Ltd was the top turnover leader with shares worth Tk 4.98 billion changing hands.
Other turnover leaders were NCC Bank, UCBL, Pubali Bank, Southeast Bank, People's Leasing, Titas gas, Shahjalal Islami Bank, AB Bank and National Bank.