Dhaka, Bangladesh (BBN)-Bangladesh’s stocks ended lower on Sunday, after remaining positive in the past two sessions as worried investors went on selling spree.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and the Chittagong Stock Exchange, the port city bourse of the country, experienced downward trend throughout the session.
The benchmark index of Dhaka Stock Exchange (DSE) shedded 15.30 points while the port city bourse, selective category index of Chittagong Stock Exchange (CSE) dropped 27.19 points at the closing.
As session closed, the benchmark index of the Dhaka Stock Exchange (DSE), dipped below the 4,400-mark after two weeks and settled at 4,393.34 points, losing 15.30 points or 0.35 per cent.
The DS30 index, comprising blue chips, also fell 10.13 points or 0.94 per cent to finish at 1,673.23 points.
The DSE Shariah Index (DSES) plunged 1.68 points or 0.16 per cent to close at 1,064.31 points.
DSE turnover also came down to two weeks low to BDT 3.16 billion, which was 19 per cent lower than the previous session’s BDT 3.90 billion.
The losers took a strong lead over the gainers as out of 317 issues traded, 167 closed lower, 96 higher and 54 remained unchanged on the DSE trading floor.
Jamuna Oil Company dominated the turnover chart with shares worth BDT 196 million changing hands, closely followed by Aman Feed, IBN Sina, Doreen Power and Power Grid Company.
IFIC Bank First Mutual Fund was the day’s best performer, posting a rise of 9.30 per cent, while ICB AMCL 1st NRB Mutual Fund was the worst loser, slumping by 9.32 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also closed lower, with its Selective Categories Index, CSCX, falling 27.19 points to 8,219.41 points.
Losers beat gainers as 136 issues closed lower, 73 closed higher and 32 remained unchanged on the CSE.
The port city bourse traded 6.51 million shares and mutual fund units worth nearly BDT 189 million in turnover.