Bangladesh’s stocks return to the red

Last updated: March 12, 2014

Dhaka, Bangladesh (BBN)- Stocks returned to the red on Wednesday amid volatile trading throughout the session as investors remained cautious.

The prime index of the Dhaka Stock Exchange (DSEX) ended at 4,660.52 points, shedding 12.11 points or 0.25 per cent.

However, the other two indices ended into the green. The DS30, comprising blue chips gained 0.52 points or 0.03 per cent to close at 1,681.76 points. The DSE Shariah Index (DSES) went up by 3.45 points or 0.34 per cent to close at 1,015.15 points.

Turnover value on DSE stood at BDT 4.50 billion, registering 34 per cent increase over the previous session’s value.

The gainers took a lead over the losers as out of 289 issues traded, 155 advanced, 110 declined and 24 issues closed unchanged on the DSE floor.

Padma Oil became the top turnover leaders with shares worth BDT 447.39 million changing hands followed by BSC, Meghna Pertoleum, Square Pharma and Olympic Industriies.

Samarita Hospital was also the day’s highest gainer; posting a rise of 9.93 per cent while Brac Bank was the day’s worst losers, slumping by 14.98 per cent.

The port city bourse --- the Chittagong Stock Exchange (CSE) also closed negative with its Selective Categories Index – CSCX lost 36.60 points to close at 9,100.16 points.

Gainers beat losers 106 to 100, with 20 issues remaining unchanged at the port city bourse that traded 7.11 million shares and mutual fund units, turnover value of BDT 405.94 million.

BBN/SSR/AD-12Mar14-4:49 pm (BST)

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