Dhaka, Bangladesh (BBN) – Bangladesh’s stocks closed almost flat on Sunday amid choppy trading as late hours buying spree offset early losses.
The market opened with downward trend and prolonged it nearly midday.
When the clock strike 11:50am, the market started to rise and maintained the treand till end of the day’s session.
The key index of the Dhaka Stock Exchange, gained 1.61 points while the selective category index of the Chittagong Stock Exchange received 0.51 points at the closing.
The prime index of the Dhaka Stock Exchange, (DSEX), edged up by 1.61 points or 0.03 per cent to close at 4,649.28, after witnessing volatility.
The DSE Shariah Index (DSES) gained 3.23 points or 0.29 percent to finish at 1,116.48.
However, the DS30 index, comprising blue chips, lost 0.34 points or 0.01 percent to end at 1,762.21.
DSE turnover came down to BDT 3.25 billion, which was 8.70 percent lower than the previous session’s BDT 3.56 billion.
The gainers took a modest lead over the losers as out of 315 issues traded; 158 closed higher, 123 lower and 34 remained unchanged on the DSE trading floor.
Aman Feed dominated the day’s turnover chart with shares of BDT 151 million changing hands followed by CVO Petrochemical Refinery, Beximco Pharma and United Airways.
Miracle Industries was the day’s best performer, posting a rise of 39.63 percent following its corporate declaration and asset revaluation while Eastern Housing Ltd was the day’s worst loser, plunging by 9.52 percent.
The port city bourse Chittagong Stock Exchange (CSE) closed flat with its Selective Categories Index – CSCX – gaining 0.51 points to end at 8,637.09.
Gainers beat losers 113 to 91, with 29 issues remaining unchanged on the port city bourse that traded 8.89 million shares and mutual fund units with a value of BDT 293 million.