Dhaka, Bangladesh (BBN) – Bangladesh’s stocks closed lower for the second running sessions on Thursday as investors remained concerned over the prolonged political unrest in the country.
The market opened with a free fall and the negative trend continued till the market closure amid modest see-saw.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE) ended at 4,556.94 points, shedding 28.78 points or 0.62 percent.
The two other indices also closed in red.
The DS30 index, comprising blue chips lost 2.13 points or 0.12 percent to close at 1,714.41 points.
The DSE Shariah Index (DSES) shed 1.20 points or 0.10 percent to close at 1,104.78 points.
However, turnover on the DSE remained above BDT 3.0 billion-mark and amounted to BDT 3.28 billion, registering an increase of 5.80 percent over the previous session’s value of BDT 3.10 billion.
The losers took a strong lead over the gainers as out of 308 issues traded, 169 declined and 96 advanced while 43 remained unchanged on the DSE floor.
ACI Ltd was the day’s top turnover chart with shares worth BDT 206.56 million changing hands followed by Shasha Denims, Lafarge Surma Cement, GP and IFAD Autos.
The port city bourse, Chittagong Stock Exchange (CSE), also closed in red with its Selective Categories Index – CSCX – lost 73.38 points to close at 8,435.69 points.
Losers beat gainers 141 to 62, with 28 issues remaining unchanged at the port city bourse that traded 5.54 million shares and mutual fund units, turnover value of BDT 192.35 million.
BBN/BB/AD-12Mar15-3:30pm (BST)