2024-08-03 13:16:44
The overall price earnings ratio (PE ratio) of the country’s main stock market, Dhaka Stock Exchange (DSE), fell during the outgoing week (July 28 to August 1). DSE’s PE ratio fell by 3.32 percent during the period under review.
This information was revealed on the basis of DSE’s weekly market review on Saturday (August 3).
According to the data, the PE ratio of DSE was at 10.38 points at the beginning of the outgoing week. And at the end of the week it is at 10.06 points. As a result, DSE’s PE ratio decreased by 0.32 points or 3.32 percent during the week.
At the beginning of the previous week (July 7 to 11), DSE’s PE ratio stood at 10.46 points. And at the end of the week it is standing at 10.38 points. That is, the PE ratio decreased by 0.08 points or 76 percent during the week.
Sector-wise PE ratios are 5.42 points in banking sector, 8.28 points in energy and power sector, 9.61 points in telecommunication sector, 12.60 points in cement sector, 12.74 points in pharmaceutical and chemical sector, 13.55 points in financial sector, 13.58 points in textile sector, 13.93 points in food and accessories sector, 13.98 points in jute sector, 14.26 points in travel and leisure sector, 14.40 points in general insurance sector, 14.53 points in engineering sector, services and housing 16.75 points in IT sector, 19.27 points in IT sector, 19.28 points in tannery sector, 20.95 points in paper and printing sector, 30.52 points in miscellaneous sector and 117.04 points in ceramic sector.
Incidentally, the Bangladesh Securities and Exchange Commission (BSEC) has also set a maximum PE ratio of 40 as margin loan eligibility. As such, BSEC considers shares of up to 40 PE holders to be safe for investment. As such, DSE’s PE stood at 10.06 points last Thursday.