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Weekly market review

Stocks extend rally for tenth straight weeks

BABUL BARMAN | August 28, 2021 00:00:00


Stocks extended their rally for the tenth straight week that ended Thursday despite the Bangladesh Bank starting to investigate banks' investment in the capital market.

The week featured usual five trading days. Of them, first three sessions witnessed sharp rise while last two saw moderate corrections following the central bank's money- market-probe news.

Week-on-week, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up 90.70 points or 1.34 per cent to settle the week at 6,851.

Two other indices--the DSE 30 Index and the DSE Shariah Index (DSES) also closed higher. The DS30 Index, comprising blue chips, soared 29.89 points to close at 2,453 and the DSE Shariah Index gained 25.86 points to settle the week at 1,487.

The week's total turnover on the DSE stood at Tk 130.42 billion which was Tk 104.12 billion in the week before as last week saw usual five trading days against previous week's four.

The daily average turnover climbed to Tk 26.08 billion on the country's premier bourse, in a further buck by 1.18 per cent over previous week's average of Tk 25.78 billion.

Market analysts said stocks remained bullish as the investors are more confident and buoyant amid the securities regulator's approval for the first board of the much-expected Capital Market Stabilization Fund.

The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index - CASPI -soaring 217 points to settle at 19,930 and the Selective Categories Index - CSCX rising 129 points to close at 11,949.

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