Dhaka, Bangladesh (BBN)-Bangladesh’s stocks finished the week almost flat on Thursday with turnover falling further as cautious investors continued on profit booking mood.
Analysts said the market closed flat as risk-averse investors preferred to bag profits on sector specific stocks, while some remained active on blue-chip issues, taking the market in flat red zone.
DSEX plunged 2.63 points while the Selective Category Index of port city bourse lost 22.84 points at the closing.
After witnessing see-saw movement throughout the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled the week at 5,618.64, losing 2.63 points or 0.04 per cent.
However, the two other indices edged higher. The DS30, comprising blue chips, advanced 10.41 points or 0.51 per cent to finish at 2,038.48 points.
The DSE Shariah Index (DSES) rose 4.92 points or 0.38 per cent to finish at 1,292.49.
Turnover, the crucial indicator of the market, came down to BDT 12.70 billion, which was 17 per cent lower than the previous day’s BDT 15.25 billion.
The losers took a strong lead over the gainers as 328 issues traded, 193 closed lower, 108 closed higher and 27 remained unchanged on the DSE trading floor.
Islami Bank led the DSE turnover for the third day in a row with about 14.08 million shares of BDT 675 million changing hands, followed by ACI, Ratanpur Steel-Re-rolling Mills, Beximco and Beximco Pharmaceuticals.
Investment Corporation of Bangladesh (ICB) was the day’s highest gainer, posting a 10 per cent rise, while Savar Refractories was the worst loser, plunging by 6.71 per cent.
The port city bourse, the Chittagong Stock Exchange (CSE), also closed lower with its Selective Categories Index – CSCX – shedding 22.84 points to settle at 10,549.
Losers beat gainers as 156 issues closed lower, 87 closed higher and 18 remained unchanged on the CSE.
The port city bourse traded 23.52 million shares and mutual fund units’ worth BDT 724 million in turnover.