November was a volatile month for the stock market as the DSEX fluctuated, ranging between 4,678 to 4,781 points (around
2.2%). However, the index ultimately inched up by 1.04%, with the top twenty gainers having adverse fundamentals. For
instance, debutant SEAPEARL topped the chart with an 84% price gain despite registering a 14% EPS decline in Q1. Similarly,
textile companies such as AL-HAJTEX (factory operations suspended), TOSRIFA (Q1 EPS declined to BDT -0.72 from BDT 0.11),
MITHUNKNIT (factory operations suspended), and ZAHEENSPIN (Q1 EPS declined by -64%) also gained materially in value. A
total of 82 companies registered double digit positive gain this month, with the contribution of the top twenty gainers being
around 0.71%.
