Weekly trading picks up pace in capital market after two months

The country's main capital market, Dhaka Stock Exchange, has seen some recovery in weekly trading after two consecutive months. Although the index and most shares and units fell last week (October 26 to 30), weekly trading increased by about 7 percent. However, the market capitalization of DSE decreased by about Tk 6,000 crore in the week.

Market analysis shows that the total trading volume on DSE in the week ending September 4 (August 31 to September 4) was Tk 6,491.73 crore, which is 13.30 percent more than the Tk 5,729.56 crore in the previous week. Since then, the exchange's trading volume has been gradually decreasing. The next week (September 7 to 11) saw trading drop to Tk 5,748.31 crore, and the week after that (September 14 to 18) saw it drop to Tk 3,505.33 crore. The following week (September 21 to 25) saw a turnover of Tk 2,918.83 crore and the two-day closed week for Durga Puja (September 28 to 30) saw a turnover of Tk 1,860.32 crore.

The following week (October 5 to 9) saw a total turnover of Tk 3,285.64 crore on the DSE, which was lower than the average of the previous three working days. The following week (October 12 to 16) saw a further decline to Tk 2,611.12 crore. The following week (October 19 to 23) saw a decline of 18.09 percent to Tk 2,138.71 crore. However, in the just-ended week (October 26 to 30), turnover increased by Tk 1,481.5 crore or about 7 percent to Tk 2,286.86 crore compared to the previous week.

A review of the weekly market prices shows that shares and mutual fund units of 392 companies were traded on the DSE in the week just ended. Of these, 177 companies increased their prices, 179 decreased their prices and 36 companies remained unchanged.

Due to the decline in the prices of most shares and units, all the indices of the DSE were down last week. The main index DSEX fell by 28 points to 5,122 points. In addition, the DSE-30 index fell by 11 points to 1,988 points and the DSES index fell by 6 points to 1,083 points.