Dhaka, Bangladesh (BBN)-Bangladesh’s stocks extended its downward trend to the midday that began at the opening on Sunday.
Both the Dhaka Stock Exchange (DSE), the prime bourse of Bangladesh, and Chittagong Stock Exchange (CSE), the port city bourse of the country, began the day with negative trend in the first trading day of the week.
Brokers said, the market plunged as investors failed to predict the future.
The key index of Dhaka Stock Exchange dropped 25.56 points while the selective category index of Chittagong Stock Exchange also shedded 31.16 points when this report was updated around 12:30pm.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 25.56 points or 0.59 per cent to stand at 4,273.09 points, when the report was filed at 12:29pm.
The DS30 index, comprising blue chips, fell 8.49 points or 0.51 per cent to reach at 1,658.75 points.
The DSE Shariah Index (DSES) lost 6.17 points or 0.58 per cent to reach at 1,049.92 points.
DSE turnover stands at only BDT 1.29 billion when the report was filed at 12:29pm.
Of the issues traded till then, 57 advanced, 193 declined and 43 issues remained unchanged.
Linde Bangladesh dominated the turnover chart with shares worth BDT 134 million changing hands till then, followed by Doreen Power Generations and Systems Limited, United Power, Bangladesh Building Systems Ltd, MJL BD and LankaBangla Finance.
The port city bourse also saw downturn at opening with its Selective Category Index- CSCX– losing 31.16 point to stand at 8,012.47 points, also at 12:28pm.
Of the issues traded till then, 49 gained, 105 declined 17 issues remained unchanged with a turnover value of BDT 54 million.