Bangladesh stocks down amid choppy trading

Last updated: July 2, 2014

Dhaka, Bangladesh (BBN)-Bangladesh’s stocks closed marginally lower on Wednesday, the first trading day of this fiscal year, as investors continued to book short-term profit on selective stocks.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), ended at 4,466.62 points, shedding 13.90 points or 0.31 percent.

The DS30, comprising blue chips lost 7.44 points or 0.45 percent to close at 1,637.31 points.

The DSE Shariah Index (DSES) went down by 10.26 points or 1.00 percent to close at 1,009.07 points.

DSE turnover stood at BDT 2.48 billion, registering a decline of 36 percent over the previous session’s value.

Out of 290 issues traded, 168 declined, 91 advanced and 31 remained unchanged on the DSE floor.

Beximco Limited was the most traded stocks with shares worth BDT 313.52 million changing hands followed by GP, United Airways, Lafarge Surma Cement and Square Pharma.

Al-Haj Textile was the day’s highest gainer, posting a rise of 9.99 per cent while Meghna Life Insurance was the day’s worst loser, slumping by 15.44 percent.

The port city bourse, Chittagong Stock Exchange (CSE), closed mixed with its Selective Categories Index – CSCX – lost 2.15 points to close at 8,504.84 points.

Losers beat gainers 129 to 51, with 21 issues remaining unchanged at the port city bourse that traded 7.75 million shares and mutual fund units, turnover value of BDT 203.80 million.

BBN/BB/AS-02July14-2:50pm (BST)

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