Dhaka, Bangladesh (BBN)-Bangladesh’s stocks could not regain at midday as it continued the sliding trend that began at the opening on Wednesday.
Both the Dhaka Stock Exchange (DSE), the prime bourse of Bangladesh, and Chittagong Stock Exchange (CSE), the port city bourse of the country, continued with negative trend.
Brokers said, the market plunged as investors failed to predict the future.
The key index of Dhaka Stock Exchange shedded 25.46 points while the selective category index of Chittagong Stock Exchange also dropped 50.16 points when this report was updated around 12:30pm.
DHAKA STOCK EXCHANGE:
After two hours of trading, DSEX, the prime index of the Dhaka Stock Exchange, stood at 4,563.87 points dropping 25.46 points or 0.55 per cent around 12:30pm.
However, the DS30 index, comprising blue chips, also descended 12.17 points or 0.70 per cent to reach at 1,723.52.
The DSE Shariah Index (DSES) also went down 8.33 points or 0.76 per cent to reach at 1,093.28.
Turnover on DSE stood at BDT 1.183 billion when the report was updated around 12:30pm.
Of the issues traded till then, only 67 advanced, 176 declined and 53 issues remained unchanged.
Singer Bangladesh was the most traded stocks till then with shares BDT 88.89 million changing hands followed by Lafarge Surma Cement, KDS Accessories Ltd, Miracle Industry, CVO Petrochemical Refinery Limited, and United Airways.
CHITTAGONG STOCK EXCHANGE:
The port city bourse – the Chittagong Stock Exchange – (CSE) also continued negative trend during the two hours of trading as its Selective Category Index – CSCX – shedded 50.16 points to stand at 8,480.02 at 12:30pm.
Of the issues traded till then, 40 gained, 107 declined and 30 issues remained unchanged with a turnover value of BDT 111.23 million.
BBN/SK/ANS