Dhaka, Bangladesh (BBN)– Bangladesh’s stocks ended lower on Sunday, after remaining flat in the past session, as investors remained mostly cautious amid lack of clear direction of the market.
After witnessing volatility almost throughout the session, DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), finished at 4,525.35, shedding 12.91 points or 0.28 percent over the previous session.
The two other indices also edged lower. The DS30 index, comprising blue chips, fell 1.22 points or 0.06 percent to finish at 1,770.06 points.
The DSE Shariah Index (DSES) also lost 2.07 points or 0.18 percent to finish at 1,109.10 points.
Turnover, the important indicator of the market, however, crossed BDT 5.0 billion-mark after one month, which was 34 percent lower than the previous day’s value of BDT 3.76 billion.
The losers took a modest lead over the gainers as out of 325 issues traded, 176 closed lower, 101 higher and 48 remained unchanged on the DSE trading floor.
Islami Bank dominated the turnover chart with shares worth nearly BDT 225 million changing hands, followed by MJL Bangladesh, Brac Bank, Bangladesh Steel Re-rolling Mills and AMCE Laboratories.
Rupali Life Insurance was the day’s best performer, posting a gain of 9.96 percent, while Pragati Life Insurance was the worst loser, plunging by 20.38 percent.
The port city bourse Chittagong Stock Exchange (CSE) also ended marginally lower with its Selective Categories Index- CSCX – shedding 27.63 points to finish at 8,471.63 points.
Losers beat gainers 157 to 68, with 27 issues remaining unchanged on the port city bourse that traded 7.26 million shares and mutual fund units with a value of BDT 244 million.