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Stocks finish week downtrend on lower transactions

DHAKA, April 20, 2017 (BSS) -Stocks ended week downward trend on Thursday, with falling trend of major indices at Dhaka and Chittagong stock exchanges on lower transactions.

The broader DSEX of Dhaka Stock Exchange (DSE) closed the week with 124.20 points lower at 5521.66. The blue-chip DS30 and the Shariah DSES also followed the same trend with 36.90 points down at 2050.44 and with 22.64 points down at 1272.24.

The week's trade value at DSE decreased to Taka 557.89 crore from the last session of previous week Taka 595.79 crore and the weekly trade also fell to 18.23 crore shares from 18.24 crore of the previous week.

The top five gainers of the week were BD Com, Northern Jute Manufacturing Co, Bangladesh Finance and Investment Co, Islamic Finance and Investment and Shahjaibazar Power.

The major losing issues of the week included IFIC Bank, Al-Arafah Islami Bank, Standard Bank, LankaBangla Finance and First Security Islami Bank.

The top five turnover leaders were Lanka Bangla Finance, Shahjibazar Power, City Bank, Ratanpur Textile Mills and Regent Textile Mills.

Chittagong Stock Exchange (CSE) also closed the week down, with its major CASPI index ending 374.63 points lower at 17,097.69.