Dhaka, Bangladesh (BBN)-Bangladesh’s stocks extended their losing streak for the fourth sessions on Monday as investors continued on selling mood.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country, nosedived.
The prime index of the Dhaka Stock Exchange (DSE) plunged 26.24 points and the port city bourse Chittagong Stock Exchange (CSE) slumped 68.76 points.
The prime index of the Dhaka Stock Exchange- DSEX- went down by 26.24 points or 0.59 per cent to end at 4,417 points after four hours trading session.
The DS30 index, comprising blue chips, fell 9.27 points or 0.54 per cent to end at 1,680.23.
The DSE Shariah Index (DSES) shed 3.17 points or 0.29 per cent to finish at 1,068.60.
Turnover on the major bourse remained low and stood at BDT 3.21 billion, which was 2.23 per cent higher than the previous session’s BDT 3.14 billion.
The losers took a strong lead over the gainers as out of 315 traded issues, 197 closed lower, 79 higher and 39 remained unchanged on the DSE trading floor.
Titas Gas dominated the day’s turnover chart with shares of BDT 317 million changing hands followed by IFAD Autos, United Power Generation and Distribution Company, Square Pharma and Lafarge Surma Cement.
Standard Ceramics was the day’s best performer, posting a rise of 9.96 per cent while Pharma Aids was the day’s worst loser, plunging by 12.03 per cent.
The port city bourse Chittagong Stock Exchange (CSE) ended lower with its Selective Categories Index- CSCX- shedding 68.76 points to end at 8,206.29.
Losers beat gainers 160 to 52, with 27 issues remaining unchanged on the port city bourse that traded 6.44 million shares and mutual fund units with a value of BDT 244 million.