Insurance sector marks strong return on DSE
Seven insurers among top 10 gainers, prices jump up to 21pc
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The insurance sector again dominated the top 10 gainers' chart of the Dhaka Stock Exchange (DSE) in the last week.
Of the top 10 gainers, seven are insurance companies, which saw their share prices jump up to 20.92 per cent in the four sessions of the week.
Generally, there are five trading days in a week, but there were no trading activities on Thursday as the day was a general holiday because of elections to the Dhaka city corporations.
Takaful Islami Insurance emerged as the best performer, making its way to the top of the weekly gainers' chart of the premier bourse.
The top gainers include Provati Insurance Company, Sonar Bangla Insurance, United Insurance Company, City General Insurance Company, Purabi General Insurance Company and Karnaphuli Insurance Company.
The share price of Takaful Islami climbed 20.92 per cent, closing at Tk 34.10 each. The company featured a total turnover of above 44.28 million in the last week.
The share price of Provati Insurance Company ended at Tk 40.40 each, up 15.43 per cent over the previous week. The company's weekly turnover stood at over Tk 203.25 million.
Sonar Bangla Insurance saw its share price surge 14.85 per cent in four sessions to close at Tk 67.30 each on Wednesday. The company's weekly turnover reached Tk 502 million.
The United Insurance Company featured a total turnover of above Tk 42.02 million. Its share price rose 10.85 per cent and settled at Tk 83.80 each.
The share price of City General Insurance Company closed 10.11 per cent higher at Tk 19.60 each. The company's turnover stood at over Tk 77.58 million in the last week.
The share of Purabi General Insurance Com-pany ended at Tk 18.80, which was 9.94 per cent higher than its closing price in the previous week. The company featured a weekly turnover of over Tk 103.48 million.
The share price of Karnaphuli Insurance Company soared 8.08 per cent and closed at Tk 21.40 each. The company's weekly turnover stood at Tk 76.48 million.
The three other companies on the top 10 gainers' chart are Monno Ceramic Industries, Dutch-Bangla Bank and Safko Spinnings Mills. These companies saw their share prices rise up to 13.97 per cent.