Dhaka, Bangladesh (BBN)-Bangladesh’s stocks extended their losing streak for the six running sessions on Sunday with sluggish trading activities as investors remained watchful amid continued political unrest.
The market opened with a negative note which sustained throughout the session.
DSEX, the prime index of the Dhaka Stock Exchange (DSE) went down further by 39.96 points or 0.85 percent to close at 4,624.94 points.
The two other indices also closed lower. The DS30 index, comprising blue chips lost 18.64 points or 1.07 percent to close at 1,712.29 points.
The DSE Shariah Index (DSES) shed 9.35 points or 0.84 percent to close at 1,103.16 points.
Turnover on the DSE came down to BDT 2.49 billion, registering a decline of 6.39 percent over the previous session’s value of BDT 2.66 billion.
The losers took a modest lead over the gainers as out of 304 issues traded, 158 declined and 100 advanced while 46 remained unchanged on the DSE floor.
Shahjibazar Power Company was the most traded stock with shares worth BDT 160.90 million changing hands followed by IFD Autos, Shasha Denims, Lafarge Surma Cement and Summit Alliance Port.
The port city bourse, Chittagong Stock Exchange (CSE) also closed lower with its Selective Categories Index- CSCX- lost 49.46 points to close at 8,617.41 points.
Losers beat gainers 107 to 87, with 29 issues remaining unchanged at the port city bourse that traded 6.36 million shares and mutual fund units, turnover value of BDT 236.94 million.
BBN/BB/AD-08Mar15-3:40pm (BST)