Dhaka, Bangladesh (BBN)-Bangladesh stocks extended their losing spell for the second running sessions on Thursday with lower turnover as cautious investors continued on profit booking mood.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country, opened in mixed trend and after four hours of trading ended return to red at the closing.
The key index of Dhaka Stock Exchange (DSE) shedded 11.56 points while the port city bourse Chittagong Stock Exchange (CSE) dropped 17.39 point.
DHAKA STOCK EXCHANGE:
The benchmark index of the Dhaka Stock Exchange (DSE), settled at 4,657.94 points, after falling 11.56 points or 0.24 per cent.
The DS30 index, comprising blue chips, fell 4.84 points or 0.27 per cent to finish at 1,751.03 points.
The DSE Shariah Index dropped 5.08 points or 0.45 per cent to close at 1,117.38 points.
The turnover, an important indicator of the market, came down to BDT 4.18 billion, which was 38 percent lower than the previous day’s BDT 6.69 billion.
Losers outnumbered gainers 184 to 100, with 52 issues remaining unchanged on the DSE trading floor.
United Power Generation and Distribution dominated the turnover chart with shares worth BDT 135 million changing hands followed by IT Consultants, Beximco Pharma and Emerald Oil.
Shurwid Industries was the day’s best performer, posting a rise of 9.72 per cent while Savar Refarctories was the worst loser, plunging 8.97 per cent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse Chittagong Stock Exchange (CSE) also edged lower with its Selective Categories Index, CSCX, falling 17.39 points to finish at 8,657.42.
Losers beat gainers as 145 issues closed lower, 69 higher and 31 remained unchanged on the CSE.
The port city bourse traded 13.64 million shares and mutual fund units worth BDT 322 million in turnover.
BBN/SK/AD