Dhaka, Bangladesh (BBN)– Bangladesh’s stocks witnessed downward trend in early hour of trading on Monday, the second session after budget declaration for the fiscal year 2016-2017.
Both bourses – the premier bourse Dhaka Stock Exchange (DSE) and the port city bourse Chittagong Stock Exchange (CSE) opened lower.
The key index of the DSE declined 17.65 points, while the Selective Category Index of port city bourse dropped 2.78 points within 15 minutes of the day’s trading.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 17.65 points or 0.40 percent to stand at 4,408.24 points, when the report was filed at 10:45am.
The DS30 index, comprising blue chips, fell 8.79 points or 0.50 percent to reach at 1,738.53 points.
The DSE Shariah Index (DSES) also dropped 4.59 points or 0.42 percent to reach at 1,083.95 points.
DSE turnover stands at only BDT 141 million when the report was filed at 10:45am.
Of the issues traded till then, 23 advanced, 111 declined and 33 issues remained unchanged.
Bangladesh Steel re-rolling Mills dominated the turnover chart with shares worth BDT 16 million changing hands till then, followed by Islamic Finance, Shahjibazar Power Company, Lafarge Surma Cement and United Airways.
The port city bourse also saw downward trend at opening with its Selective Category Index- CSCX– shedding 2.78 points to stand at 8,281.74 points, also at 10:45am.
Of the issues traded till then, 12 gained, 27 declined 5 issues remained unchanged with a turnover value of BDT 11 million.