Bangladesh’s FX market close stable, call money falls

Last updated: May 12, 2015

Dhaka, Bangladesh (BBN)– Bangladesh’s foreign exchange market remained almost stable while the inter-bank call money rates fell slightly on Tuesday.
Meanwhile, the stocks returned to the red at closing, breaking five sessions’ gaining streak.
The call rate ranged between 5.50 per cent and 7.50 per cent on the day against the previous range between 5.75 per cent and 7.50 per cent, market operators told the BBN.
The overall turnover in the call money market came down to BDT 37.90 billion on Tuesday from BDT 41.26 billion of the previous working day, according to the Bangladesh Bank statistics.
On the other hand, the banks quoted the dollar single rate at BDT 77.80 on the day unchanged from the previous level.
DSEX, the prime index of the DSE went down by marginally by 22.60 points or 0.52 percent to close at 4,326.61 points.
The two other indices also closed lower.
The DS30 index, comprising blue chips lost 2.22 points or 0.13 percent to close at 1,622.49 points.
The DSE Shariah Index (DSES) fell 3.76 points or 0.36 percent to close at 1,039.24 points.
The total turnover on the DSE declined and amounted to BDT 5.54 billion, which was 7.0 percent lower than the previous session’s 6-month high value of BDT 5.96 billion.
The port city bourse, Chittagong Stock Exchange (CSE), also closed marginally lower after five day rally with its Selective Categories Index – CSCX – lost 28.45 points to close at 8,152.20 points.

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