DSEX sheds 25.01 points, daily turnover sees 14.29pc rise

The stock market passed yet another lacklustre week as worried investors over prolonged political turmoil were on selling spree, despite some better-than-expected positive earning results.
The investors went for panic-sell-off, especially on the fourth day of the week, anticipating further fall following the news of arrest warrants against BNP chairperson.
A Dhaka court Wednesday issued arrest warrants against BNP Chairperson Khaleda Zia and two others for skipping court hearing in the Zia Orphanage and Zia Charitable Trust graft cases.
The week featured five trading sessions as usual. Of these, two sessions saw sharp decline while three sessions managed to close with marginal gains.
Week-on-week, DSEX, the prime index of the Dhaka Stock Exchange (DSE) went down by 25.01 points or 0.52 per cent to close at 4,763.22 points.
The DS30 index, comprising blue chips lost slightly by 5.45 points or 0.31 per cent to close at 1,772.42 points. However, the DSE Shariah Index managed to close in positive zone, gaining 2.62 points or 0.23 per cent to close at 1,130.92 points.
The port city bourse Chittagong Stock Exchange (CSE) also ended marginally lower for the second straight week with its Selective Categories Index - CSCX - lost 44.06 points or 0.49 per cent to close the week at 8,854.42 points.
The total turnover improved slightly, but it remained low. The turnover for the week stood at Tk 15.08 billion against Tk 13.19 billion in the week before.
The daily turnover for the week averaged Tk 3.01 billion, registering an increase of 14.29 per cent over the previous week's average of Tk 2.63 billion.
The investors' attention was mostly focused on pharma, power and engineering - the sectors that accounted for 17 per cent, 15 per cent and 11 per cent respectively of the week's total turnover.
"Amid a number of corporate earnings disclosures, the bourse remained stagnant coupled with fear on political front last week," said IDLC Investments, in its weekly market analysis.
Having no improvement in political front, market suffered with investors' indecision to comeback. Resultantly, DSEX lost 25.0 points while DS30 lost a mere 5.5 points as investors remained concentrated on blue-chip large-cap stocks, said the merchant bank.
Participation improved slightly with investors' preference of selling mania while positioning stocks with positive earnings growth, said the merchant bank.
Some of the companies announced corporate declarations and attained investors' attention with better earnings growth. But, political issues were taking toll, increasing sell pressure made DSEX turn down below 4,800-points level, said the merchant bank.
LankaBangla Securities said: "Market consolidated during the week amid prevailing political uncertainty while multinational companies performed well backed by good corporate declaration".
"Intra-week volatility was high during the week as investors remained cautious throughout the week amid political uncertainty hovering in the country".
Multinational companies (MNCs) performed well during the week as some of the MNCs reported outstanding earnings growth with good annual dividend, said the stock broker.
"The capital market witnessed gloomy outlook as investors remained watchful amid the prolonged political strife," said International Leasing Securities.
However, the investors' participation increased slightly compared to that of the previous week as investors remained optimistic about forthcoming year-end declarations, said the International Leasing.
The major sectors saw mixed performance last week. Pharmaceuticals posted steep gain of 3.06 per cent. Food and allied also registered a decent gain of 2.26 per cent.
Power and telecommunication both went up by 1.65 per cent and 1.23 per cent respectively. Cement lost a hefty 2.38 per cent. Banks and NBFIs closed lower with 2.16 per cent and 1.32 per cent respectively.
The losers took a strong lead over the gainers as out of 319 issues traded, 218 declined, 87 advanced and 14 remained unchanged on the DSE trading floor.
Ten listed firms - Mutual Trust Bank, Eastern Bank, United Commercial Bank, IDLC Finance, S Alam Cold Rolled Steels, IPDC, Prime Finance, Glaxo SmithKline, Prime Insurance and BATBC declared dividends last week.
The market capitalisation of the DSE went up slightly by 0.21 per cent as it was Tk 3,210.42 billion on the opening day of the week and it stood at Tk 3,217.18 billion on closing day of the week.
Square Pharma dominated the week's top turnover chart with shares worth Tk 684.66 million changing hands followed by MJL BD, ACI, Lafarge Surma Cement and Shahjibazar Power Company.
Shahjibazar Power was also the week's top gainer, posting a rise of 29.16 per cent while International Leasing & Financial Services was the week's worst loser, plunging by 11.80 per cent.
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