Bangladesh’s stocks end flat

Last updated: June 26, 2014

Dhaka, Bangladesh (BBN)-Bangladesh’s stocks closed flat on Thursday amid choppy trading as investors followed cautious stance ahead of final budget pass.

DSEX, the prime index of the Dhaka Stock Exchange, ended at 4,409.42 points, gaining 5.77 points or 0.13 percent from previous session.

However, the other two indices closed in negative.

The DS30, comprising blue chips lost 2.74 points or 0.16 percent to close at 1,616.57 points. The DSE Shariah Index (DSES) also down by 1.01 points or 0.10 percent to close at 1,006.22 points.

DSE turnover stood at BDT 3.03 billion, which was 10.35 percent lower compared to previous session’s value of BDT 3.38 billion.

Out of 294 issues traded, 152 advanced, 104 declined and 38 remained unchanged on the DSE floor.

Beximco Limited was the most traded stocks with shares worth BDT 240.85 million changing hands followed by Lafarge Surma Cement, GP, United Airways and Square Pharmaceuticals.

BD Thai Aluminum was the day’s highest gainer, posting a rise of 7.76 percent while Delta Life Insurance was the day’s worst loser, slumping by 18.87 percent.

The port city bourse, Chittagong Stock Exchange (CSE), also closed flat with its Selective Categories Index – CSCX – gained 5.30 points to close at 8,406.61 points.

Gainers beat losers 97 to 91, with 27 issues remaining unchanged at the port city bourse that traded 10.70 million shares and mutual fund units, turnover value of BDT 312.14 million.

BBN/BB/AD-26June14-3:50pm (BST)

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