Dhaka, Bangladesh (BBN)-Bangladesh’s stocks closed lower for the second running sessions on Monday as investors followed cautious stance amid no improvement in the political front.
The market opened with a negative note which sustain throughout the session.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 20.24 points or 0.42 percent to close at 4,719.40 points.
The two other indices also ended in red.
The DS30 index, comprising blue chips lost 4.61 points or 0.26 percent to close at 1,754.17 points.
The DSE Shariah Index (DSES) shed 6.95 points or 0.61 percent to close at 1,115.72 points.
Turnover on DSE came down below BDT 3.0 billion mark again and amounted to BDT 2.98 billion, registering a decline of 11.30 percent over the over the previous session’s value of BDT 3.36 billion.
The losers took a modest lead over the gainers as out of 305 issues traded, 179 declined, 91 advanced and 35 remained unchanged on the DSE floor.
Social Islami Bank Ltd (SIBL) was the most traded stock with shares worth BDT 160.70 million changing hands followed by SPCL, Summit Alliance Port, IFAD Autos and Lafarge Surma Cement.
The port city bourse, Chittagong Stock Exchange (CSE), also closed marginally lower with its Selective Categories Index – CSCX – lost 69.29 points to close at 8,781.10 points.
Losers beat gainers 134 to 63, with 34 issues remaining unchanged at the port city bourse that traded 7.39 million shares and mutual fund units, turnover value of BDT 283.87 million.
BBN/BB/AI-02Mar15-3:20pm (BST)