Dhaka, Bangladesh (BBN)-Bangladesh’s stocks ended flat on Sunday, after remaining upbeat in the past week, as risk-averse investors opted for quick-profit on large-cap stocks.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country, experienced volatility at the opening and turns negative at the closing.
The key index of the Dhaka Stock Exchange (DSE), the prime bourse of Bangladesh, closed 1.44 points higher, while the Selective Category Index of the port city bourse Chittagong Stock Exchange (CSE), slumped 6.68 points at closing.
The benchmark index of the Dhaka Stock Exchange (DSE) went up by 1.44 points or 0.03 per cent to settle at 4,394.31 points.
However, the DS30 index, comprising blue chips, fell 6.28 points or 0.36 per cent to end at 1,712.93 points.
The DSE Shariah Index (DSES) also shed 3.50 points or 0.32 per cent to finish at 1,073.96 points.
The market turnover value stood at BDT 3.69 billion, which was 13.17 percent lower than the previous session’s BDT 4.25 billion.
The gainers took a modest lead over the losers as out of 308 issues traded, 138 closed higher, 131 lower and 39 remained unchanged on the DSE trading floor.
MJL Bangladesh dominated the turnover chart with shares worth BDT 236 million changing hands, followed by Shahjibazar Power BDT 131 million, Lafarge Surma Cement BDT 116 million, United Power BDT 113 million and Doreen Power BDT 101 million.
Industrial Promotion & Development Company (IPDC) was the day’s best performer, posting a rise of 9.95 percent, while Zaheen Spinning was the worst loser, plunging 8.06 percent.
The port city bourse Chittagong Stock Exchange (CSE) closed marginally lower with its Selective Categories Index- CSCX- losing 6.68 points to end at 8,233.61 points.
Gainers beat losers 107 to 95, with 21 issues remaining unchanged on the port city bourse that traded 8.07 million shares and mutual fund units with a value of BDT 222 million.