Dhaka, Bangladesh (BBN)-Bangladesh’s stocks turned negative after witnessing early hour mixed movement on Sunday, the first trading session of the week.
Both the Dhaka Stock Exchange (DSE), the prime bourse of Bangladesh, and Chittagong Stock Exchange (CSE), the port city bourse of the country, opened with a mixed note when the market opened at 10:30am.
But as the time passed, the DSE and CSE failed to hold the trend as investors failed to predict the future after two hours of trading on the first trading session of the week, experts said.
The key index of Dhaka Stock Exchange earned 3.87 points while the port city bourse, selective catagory index of Chittagong Stock Exchange went down 1.99 points around 12:30pm.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 3.87 points or 0.09 per cent to stand at 4,396.75 points, when the report was filed at 12:31pm.
However, the DSE Shariah Index (DSES) slumped 0.34 points or 0.03 per cent to reach at 1077.13 points.
The DS30 index, comprising blue chips, also fell 2.48 points or 0.14 per cent to reach at 1,716.74 points.
DSE turnover stands at BDT 1.72 billion when the report was filed at 12:31pm.
Of the issues traded till then, 132 advanced, 115 declined and 45 issues remained unchanged.
MJL BD dominated the turnover chart with shares worth BDT 132 million changing hands till then, followed by Shahjibazar Power, Lafarge Surma Cement, IT Consultants, Khan Brothers PP Woven Bag Industries, and Doreen Power.
The port city bourse saw downward trend at opening with its Selective Category Index- CSCX– falling 1.99 points to stand at 8,238.30 points, also at 12:28pm.
Of the issues traded till then, 73 gained, 74 declined 23 issues remained unchanged with a turnover value of BDT 100 million.