Bangladesh’s stocks close flat

Last updated: August 7, 2014

Dhaka, Bangladesh (BBN)-Bangladesh’s stocks closed flat on Thursday amid choppy trading as mid-session sale pressure wiped out early gains.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), ended at 4,486.19 points, gaining only 1.29 points or 0.2 percent.

The DS30, comprising blue chips gained 3.03 points or 0.18 percent to close at 1,652.70 points.

The DSE Shariah Index went up by 5.88 points or 0.57 percent to close at 1,026.27 points.

DSE turnover stood at BDT 5.88 billion which was 9.67 percent lower over the previous session’s value of BDT 6.51 billion.

Out of 296 issues traded, 125 advanced, 139 declined and 32 remained unchanged on the DSE floor.

MJL Bangladesh was the most traded stock for the second consecutive session with shares worth BDT 405.13 million changing hands followed by GP, Beximco, Square Pharma and ACI.

Shahjibazar Power Company was the day’s highest gainer, posting a rise of 9.89 percent while Prime Bank was the day’s worst loser, slumping by 5.50 percent.

The port city bourse, Chittagong Stock Exchange (CSE), also closed marginally higher with its Selective Categories Index – CSCX – gained 11.42 points to close at 8,504.75 points.

Losers beat gainers 113 to 85, with 23 issues remaining unchanged at the port city bourse that traded 11.02 million shares and mutual fund units, turnover value of BDT 409.66 million.

BBN/BB/AD-07Aug14-4:20pm (BST)

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