Dhaka, Bangladesh (BBN)-Bangladesh’s stocks could not regain at midday and surrendered to 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 40. 27 points while the selective category index of Chittagong Stock Exchange also dropped 62.36 points when this report was updated around 12:35pm.
DHAKA STOCK EXCHANGE:
After two hours of trading, DSEX, the prime index of the Dhaka Stock Exchange, stood at 4,511.25 points dropping 40.27 points or 0.88 per cent around 12:35pm.
However, the DS30 index, comprising blue chips, also descended 15.44 points or 0.89 per cent to reach at 1,713.11.
The DSE Shariah Index (DSES) also went down 9.95 points or 0.91 per cent to reach at 1,085.88.
Turnover on DSE stood at BDT1.415.59 billion when the report was updated around 12:35pm.
Of the issues traded till then, only 64 advanced, 203 declined and 34 issues remained unchanged.
IFAD Autos was the most traded stocks till then with shares BDT 96.84 million changing hands followed by Quasem Drycells, KDS Accessories Ltd, Bangladesh Submarine Cable Company Limited, ICB and RAK Ceramics (Bangladesh) Limited.
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 62.36 points to stand at 8,405.81 at 12:35pm.
Of the issues traded till then, 28 gained, 129 declined and 29 issues remained unchanged with a turnover value of BDT 89.24 million.
BBN/SK/ANS