Dhaka, Bangladesh (BBN)–Bangladesh’s stocks edged down for the second sessions in a row as investors followed cautious stance.
Today’s session was the reduced one by an hour due to holy month of Ramadan.
Trading at the DSE and CSE began at 10:30am as usual and continue till 1:30pm instead of 2:30pm.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 8.38 points or 0.18 percent to finish at 4,511.46 points.
The DS30 index, comprising blue chips, fell 11.57 points or 0.66 percent to close at 1,731.04 points.
However, the DSE Shariah Index (DSES), gained 1.43 points or 0.13 percent to end at 1,103.09 points.
DSE turnover came down below BDT 4.0 billion-mark again and amounted to BDT 3.08 billion, which was 24 percent lower than the previous day’s BDT 4.06 billion.
It was also more than two month lowest turnover since BDT 2.89 billion on April 12 last.
The losers took a lead over the gainers as out of 318 issues traded, 135 advanced, 134 declined and 49 remained unchanged on the DSE trading floor.
Khulna Power Company Ltd (KPCL) was the day’s top turnover leader with shares worth BDT 175.07 million changing hands followed by RAK Ceramics, FAR Chemicals, United Airways and Summit Alliance Port.
Prime Finance First Mutual Fund was the day’s top gainer, posting a rise of 9.73 percent while National Life Insurance was the worst loser, plunging by 7.64 percent.
However the port city bourse, Chittagong Stock Exchange (CSE), ended mixed trend with its Selective Categories Index – CSCX – gained 7.09 points to close at 8,465.73 points.
Gainers beat lower 97 to 93, with 38 issues remaining unchanged at the port city bourse that traded 8.49 million shares and mutual fund units, turnover of BDT 247.30 million.