Dhaka, Bangladesh (BBN)-Bangladesh’s stocks continued the nosedive 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, began the day with negative trend in the fourth trading day of the week.
Brokers said, the market plunged as investors failed to predict the future.
The key index of Dhaka Stock Exchange, the prime bourse of Bangladesh, shedded 11.96 points while the selective category index of Chittagong Stock Exchange, the port city bourse of the country, also dropped 10.20 points when this report was updated around 12:35pm.
After nearly two hours of trading, DSEX, the prime index of the Dhaka Stock Exchange, stood at 4,645.69 points dropping 11.96 points or 0.26 per cent around 12:35pm.
However, the DS30 index, comprising blue chips, also descended 4.81 points or 0.27 per cent to reach at 1,762.04.
The DSE Shariah Index (DSES) also went down 4.10 points or 0.36 per cent to reach at 1,111.41.
Turnover on DSE stands at BDT 1.651 billion when the report was filed at 12:35pm.
Of the issues traded till then, 137advanced, 110 declined and 53 issues remained unchanged.
The Lafarge Surma Cement was remained the most traded stocks till then with shares BDT 154.24 million changing hands followed by KDS Accessories Ltd, Beximco Pharma, Aman Feed, Shahjibazar Power Co Ltd and Saif Power.
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 10.20 points to stand at 8,645.17 around 12:35pm.
Of the issues traded till then, 86 gained, 69 declined and 40 issues remained unchanged with a turnover value of BDT 147.30 million.