Dhaka, Bangladesh (BBN)-Bangladesh’s stocks witnessed sharp decline on Sunday as investors reacted budgetary measures negatively and went for selling spree.
It was first trading session after the June 5 budget for the fiscal year 2014-15.
DSEX, the prime index of the DSE ended at 4,346.33 points, shedding 50.20 points or 1.14 percent from previous session.
The DS30, comprising blue chips lost 22.64 points or 1.39 percent to close at 1,600.30 points.
The DSE Shariah Index (DSES) went down by 10.82 points or 1.07 percent to close at 996.99 points.
The total turnover at DSE stood at BDT 4.16 billion which was BDT 4.19 billion in the previous session.
Out of 289 issues traded, 176 declined, 86 advanced and 27 closed unchanged on the DSE floor.
Lafarge Surma Cement was the day’s top turnover leader with shares worth BDT 502.43 million changing hands followed by BSRM Steels, GP and Meghna Petroleum.
Metro Spinning was the day’s highest gainer, posting a rise of 8.80 percent while Samata Leather Complex was the day’s worst loser, slumping by 7.16 percent.
The port city bourse, Chittagong Stock Exchange (CSE), also saw sharp decline with its Selective Categories Index – CSCX – lost 71.52 points to close at 8,262.55 points.
Losers beat gainers 145 to 48, with 19 issues remaining unchanged at the port city bourse that traded 6.72 million shares and mutual fund units, turnover value of BDT 245.29 billion.
BBN/BB/AS-08June14-8:45pm (BST)