Dhaka, Bangladesh (BBN)-Bangladesh’s stocks ended lower for the three consecutive sessions on Sunday as most of the investors were on selling spree, fearing further fall.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country, experienced downward trend after witnessing volatility throughout the session.
The key index of Dhaka Stock Exchange (DSE) lost 31.80 points while the port city bourse Chittagong Stock Exchange (CSE) dropped 0.89 points at the closing.
The key index of the Dhaka Stock Exchange (DSE), finished at 4,626.13 points, losing 31.80 points or 0.68 per cent.
The DS30 index, comprising blue chips, saw a fractional loss of 0.59 point or 0.03 per cent to finish at 1,750.43 points.
The DSE Shariah Index dropped 1.57 points or 0.14 per cent to close at 1,115.81 points.
Total turnover on DSE stood at BDT 4.27 billion, which was 2.15 percent higher than the previous session’s BDT 4.18 billion.
The gainers took a modest lead over the gainers as out of 321 issues traded, 162 closed higher, 118 lower while 41 issues remaining unchanged on the DSE trading floor.
Emerald Oil Industries dominated the turnover chart with shares worth BDT 259 million changing hands followed by United Power, Alltex Industries, C&A Textile and IT Consultants.
Alltex Industries was the day’s best performer, posting a rise of 9.89 per cent while ICB Fifth Mutual Fund was the worst loser, plunging 8.33 percent.
The port city bourse Chittagong Stock Exchange (CSE) also inched down with its Selective Categories Index, CSCX, falling 0.89 point to finish at 8,653.50.
Losers beat gainers as 121 issues closed lower, 99 higher and 34 remained unchanged on the CSE.
The port city bourse traded 12.76 million shares and mutual fund units worth BDT 308 million in turnover.