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18 percent of weekly transactions in the stock market are in the textile sector

18 percent of weekly transactions in the stock market are in the textile sector
Last week, investor participation increased along with the index in the country's main capital market. During the week, shares and units worth Tk 6,919 crore were traded on the Dhaka Stock Exchange (DSE). Of this, about 18 percent of the total transactions were in textile sector shares, which is the highest in sector-based trading.

Market analysis shows that during the week, an average of Tk 1,383 crore 85 lakh 50 thousand worth of shares and units were traded daily on the DSE. Although the daily average trading decreased by 3.49 percent compared to the previous week, active participation by investors in some selected sectors maintained a positive trend in the market.

During the week under review, the DSE's main price index, DSEX, increased by 60 points or about 1 percent to reach 5,804 points. At the end of the previous week, this index was at 5,744 points.

During the same period, the blue-chip companies' index, DS-30, rose by 16 points to stand at 2,178 points, which was 2,162 points the previous week. Additionally, the Shariah-based DSES index increased by 20 points to reach 1,189 points.

Throughout the week, 388 companies, mutual funds, and corporate bonds were traded on the DSE. Among them, the share prices of 251 increased, 122 decreased, and 15 remained unchanged. Additionally, no transactions occurred in 24 securities.

The shares of Beximco Pharmaceuticals, Unique Hotel and Resort, Sharp Industries, Bangladesh Shipping Corporation, and GPH Ispat contributed the most to the index increase.

In sector-based trading, the textile sector was the most advanced. This sector accounted for 18.3 percent of total transactions. The general insurance sector, in second place, had a share of 11.9 percent. This was followed by the pharmaceutical sector with 10.1 percent, the engineering sector with 9.4 percent, and the information technology sector with 7.1 percent of transactions.

In terms of weekly returns, the travel and leisure sector performed the best, with an average return of 12.3 percent. Additionally, the jute sector saw a 6.3 percent return, mutual funds 5.6 percent, the information technology sector 5.2 percent, and the textile sector a positive return of 4.1 percent. In contrast, only the banking sector experienced a negative return of 0.7 percent.

On the other hand, a positive trend was also observed in the country's second capital market, the Chittagong Stock Exchange (CSE). During the week under review, the CASPI index increased by 0.70 percent to reach 15,515 points, and the CSCX index rose by 0.60 percent to reach 9,793 points.

Throughout the week, shares and units worth a total of Tk 190 crore were traded on the CSE, which is higher than the Tk 171 crore of the previous week. Among the 247 companies and mutual funds traded, the share prices of 125 increased, 91 decreased, and 31 remained unchanged.

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