Dhaka, Bangladesh (BBN) – Bangladesh’s stocks extended losses for the fourth sessions in a row on Thursday as investors were indecisive amid lack of clear direction.
The prime index of the Dhaka Stock Exchange (DSE) slipped another 3.95 points or 0.08 percent to settle at 4,583.42 points after witnessing volatility throughout the session.
The DS30 index, comprising blue chips, dropped 2.85 points or 0.16 percent to finish at 1,741.09.
However, the DSE Shariah Index (DSES) managed to close positive with a fractional gain of 0.58 points or 0.05 percent to close at 1,105.36.
The total turnover on DSE came down to BDT 3.74 billion, which was 1.84 percent lower than the previous session’s BDT 3.81 billion.
The losers took a modest lead over the gainers as out of 322 traded issues, 141 closed lower, 1135 higher and 46 remained unchanged on the DSE trading floor.
Beximco Pharma dominated the turnover chart with share of BDT 131 million changing hands followed by Delta Life Insurance, Square Pharma, Al-Haj Textile and Aftab Automobile.
GQ Ball Pen was the day’s best performer, posting a rise of 9.68 percent while Envoy Textile was the day’s worst loser, plunging by 7.74 percent.
The port city bourse, Chittagong Stock Exchange (CSE), also end slightly lower with its Selective Categories Index – CSCX – losing 16.60 points to end at 8,502.15.
Losers beat gainers 117 to 94, with 36 issues remaining unchanged on the port city bourse that traded 8.36 million shares and mutual fund units with a value of BDT 257 million.