Dhaka stocks open higher, break 1-week losing streak

The Dhaka Stock Exchange (DSE) started trading on a positive note on Sunday, overcoming the previous week’s downward trend.

The country’s stock market kept bleeding on all four sessions last week (August 7-11) and ended up losing Tk 10,000 in market capitalisation.

In the first 30 minutes into the trade, the benchmark index of DSE, DSEX has increased over 18 points or 0.30 percent to 6,167.

Among other indices, the shariah-based DSES was up by 4.22 points or 0.31 percent and the blue-chip DS-30 rose by 5.01 points or 0.22 percent.

Over Tk 73 crore worth of shares transacted so far in DSE, where Fortune Shoes, C & A Textiles, Intraco, Sonali Paper and Malek Spinning were the top five traded stocks.

Earlier, the benchmark index of DSE, the DSEX was down over 163 points, or 2.59 percent, to 6,148 during the week.

Among other DSE indices, the shariah-based DSES decreased by 29.47 points or 2.14 percent, and the blue-chip DS-30 fell by 70.81 points or 3.13 percent.

While all indices fell, trading volumes also decreased. The DSE had a turnover of Tk 3,584 crore last week, which is Tk 1,474 crore or 29.15 percent less than the previous week.

A total of 386 companies participated in the share and unit transactions on the DSE last week. Among the companies, the share price increased by only 41, declined by 287 and remained unchanged by 58.