Dhaka, Bangladesh (BBN) – Bangladesh’s stocks ended lower on Thursday, with key index of the Dhaka Stock Exchange (DSE) dipped below the 4,400-mark, as investors booked quick-profit on later part of the session.
The market moved higher in the morning and key index of the premier bourse rose 6.0 points within the first 35 minutes of trading, but rest of the session fell steadily amid profit taking sale pressure.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 4,395.28, shedding 16.72 points or 0.38 percent.
The DS30 index, comprising blue chips, lost 8.70 points or 0.50 percent to end at 1,729.29 points.
The DSE Shariah Index (DSES) also shed 5.28 points or 0.49 percent to finish at 1,080.82 points.
Turnover, an important indicator of the market, however, crossed BDT 5.0 billion-mark after three and a half months to stand at BDT 5.31 billion, which was 48 percent higher than the previous day’s BDT 3.58 billion.
The losers took a strong lead over the gainers as out of 318 issues traded, 156 closed lower, 83 higher and 79 remained unchanged on the DSE trading floor.
ACME Laboratories continued to dominate the turnover chart for the eighth trading sessions since its debut on June 7, with shares worth BDT 566 million changing hands, followed by Bangladesh Building Systems, Bangladesh Steel Re-rolling Mills, Doreen Power and Brac Bank.
GQ Ball Pen was the day’s best performer, posting a rise of 7.05 percent, while Dulamia Cotton was the worst loser, plunging 6.25 percent.
The port city bourse Chittagong Stock Exchange (CSE) also closed lower with its Selective Categories Index- CSCX- losing 10.25 points to finish at 8,240.43 points.
Losers beat gainers 111 to 74, with 54 issues remaining unchanged on the port city bourse that traded 7.20 million shares and mutual fund units with a value of BDT 287 million.