Stocks finish week up on higher participation

Stock market finished week up on higher participation as investors regained confidence on regulator`s move to stable share prices.

The broader DSEX index of Dhaka Stock Exchange (DSE) ended the week nearly 35.0 points up at 4531.62 with the blue-chip DS30 and Shariah DSES gained marginally to 1721.06 and 1091.51 respectively.

The DSEX also gained 98 points when investors started buying shares on the news that the banks would get more time to adjust their capital market exposure.

The average trade value also increased this week by 20.16 per cent to Taka 358.12 crore when the average daily trade volume rose by 12.59 per cent to 9.52 crore shares.

All the sectors except cement posted positive return, with NBFI, bank, and engineering sectors playing role as market movers.

Among the major advancing sectors, NBFI gained 6.60 percent, engineering 5.76 percent, IT 5.0 percent and fuel and power 2.74 per cent. Cement was the lone lagging sector of this week, with losing 0.34 percent in market capitalization.Top gaining companies were, BD Auto Cars (46.9 percent), Atlas Bangladesh (37.2 percent), Phoenix Finance (23.3 per cent) and Desh Garment (21.5 percent).

The major losing companies were Standard Ceramic (-13.4 per cent), PTL (-11.7 percent) and Sonali Ansh (-11.5 per cent) respectively.

Chittagong Stock Exchange (CSE) also finished the week higher when its major CSCX closed 66.53 points up at 8416.69.

Out of the day`s 230 issues traded, 157 gained and 44 incurred losses. The daily trade value rose to Taka 26.61 crore when the trade volume increased to 87 lakh shares.