Dhaka, Bangladesh (BBN)-Bangladesh’s stocks closed lower for the second running session on Tuesday with high volatility as investors played both sides of fence.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country, showed downward trend.
The key index of Dhaka Stock Exchange dipped 11.05 points while the selective categories index of Chittagong Stock Exchange lost 21.49 points on Tuesday.
After witnessing volatility throughout the session, the benchmark index of the Dhaka Stock Exchange (DSE) ended at 4,574.05 points, losing 11.05 points or 0.24 per cent.
The DS30 index, comprising blue chips, fell 10.49 points or 0.60 per cent to end at 1,733.02.
The DSE Shariah Index (DSES) dropped 3.43 points or 0.31 per cent to finish at 1,102.82.
Turnover on the DSE also came down to BDT 4.43 billion, which was 24.40 per cent lower than the previous day’s BDT 5.86 billion.
The losers took a strong lead over the gainers as out of 321 traded issues, 212 closed lower, 74 higher and 35 remained unchanged on the DSE trading floor.
Saif Powertec was the day’s top turnover chart with shares of BDT 210 million changing hands followed by Al-Arafa Islami Bank, IFAD Autos, Summit Power and Beximco Pharma.
Al-Arafa Islami Bank was the day’s best performer, posting a rise of 9.65 per cent while Khan Brother PP Woven Bag was the day’s worst loser, plunging 15.23 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also closed lower with its Selective Categories Index – CSCX –shedding 21.49 points to end at 8,506.66.
Losers beat gainers 152 to 66, with 21 issues remaining unchanged on the port city bourse that traded 9.35 million shares and mutual fund units with a value of BDT 263 million.