Dhaka, Bangladesh (BBN)-Bangladesh’s stocks extended their losing streak for the sixth consecutive sessions on Thursday with turnover dropped further as investors remained followed cautious stance.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down slightly by 1.96 points or 0.04 percent to settle at 4,455.28 points.
The DS30 index, comprising blue chips, lost 1.38 points or 0.08 percent to close at 1,715.66 points. However, the DSE Shariah Index (DSES), moved up by 0.09 points to end at 1,092.32 points.
DSE turnover remained sluggish and amounted to BDT 3.46 billion, registering a decline of 7.0 percent over the previous day’s BDT 3.46 billion.
The losers took a modest lead over the gainers as out of 318 issues traded, 149 declined, 124 advanced and 45 remained unchanged on the DSE trading floor.
Olympic Accessories, which made trading debut today, was the day’s top turnover leader with shares worth BDT 396.38 million changing hands followed by Square Pharma, AFC Agro, Lafarge Surma Cement and KPCL.
Hakkani Pulp and Papers was the day’s top gainer, posting a rise of 9.88 percent while Kay & Que was the worst loser, shedding 6.92 percent.
The port city bourse Chittagong Stock Exchange (CSE) also ended lower with its Selective Categories Index – CSCX – lost 20 points to close at 8,350 points.
Losers beat gainers 133 to 68, with 30 issues remaining unchanged at the port city bourse that traded 10.84 million shares and mutual fund units, turnover of BDT 350 million.