Bangladesh’s stocks close lower

Last updated: June 3, 2014

Dhaka, Bangladesh (BBN)-Bangladesh’s stocks ended lower on Tuesday as investors kept their attention to the upcoming national budget.

DSEX, the prime index of the DSE, ended at 4,418.79 points, losing 28.66 points or 0.64 percent.

The DS30, comprising blue chips lost 13.14 points or 0.80 percent to close at 1,625.32 points.

The DSE Shariah Index (DSES) went down by 3.68 points or 0.36 percent to close at 1,003.32 points.

DSE turnover came down to BDT 3.92 billion, registering a decline of 9.26 percent over the previous session’s 4-week high value.

Out of 294 issues traded, 150 declined, 110 advanced and 34 closed unchanged on the DSE floor.

GP continued to dominate the top turnover chart for the fourth sessions with shares worth BDT 414.62 million changing hands followed by Lafarge Surma Cement, Heidelberg Cement, BSRM Steels and Meghna Petroleum.

Al-Haj Textile was the day’s highest gainer, posting a rise of 9.97 percent while AIBL First Mutual Fund was the day’s worst loser, slumping by 9.72 percent.

The port city bourse, Chittagong Stock Exchange (CSE), also ended lower with its Selective Categories Index – CSCX – lost 61.06 points to close at 8,425.84 points.

Losers beat gainers 135 to 67, with 18 issues remaining unchanged at the port city bourse that traded 6.63 million shares and mutual fund units, turnover value of BDT 252.84 billion.

BBN/BB/AS-03June14-3:30pm (BST)

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