Dhaka, Bangladesh (BBN)-Bangladesh’s stocks extended its downward trend to the midday that began at the opening on Wednesday.
Both the Dhaka Stock Exchange (DSE), the prime bourse of Bangladesh, and Chittagong Stock Exchange (CSE), the port city bourse of the country, began the day with negative trend in the fourth trading day of the week.
Brokers said, the market plunged as investors failed to predict the future.
The key index of Dhaka Stock Exchange dropped 20.90 points while the selective category index of Chittagong Stock Exchange also shedded 23.61 points when this report was updated around 12:30pm.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 20.90 points or 0.49 per cent to stand at 4,261.03 points, when the report was filed at 12:30pm.
The DS30 index, comprising blue chips, fell 5.22 points or 0.32 per cent to reach at 1,641.79 points.
The DSE Shariah Index (DSES) also lost 4.42 points or 0.42 per cent to reach at 1,040.34 points.
DSE turnover stands at BDT 1.37 billion when the report was filed at 12:30pm.
Of the issues traded till then, 67 advanced, 178 declined and 55 issues remained unchanged.
BSRM dominated the turnover chart with shares worth BDT 90 million changing hands, followed by MJL BD, Jamuna Oil, Meghna Petroleum Limited, Primer Cement and Eastern Lubricants.
The port city bourse also saw downward trend at opening with its Selective Category Index- CSCX– shedding 23.61 point to stand at 7,991.69 points, also at 12:28pm.
Of the issues traded till then, 60 gained, 108 declined 24 issues remained unchanged with a turnover value of BDT 72 million.