Dhaka, Bangladesh (BBN) – Bangladesh’s stocks stayed on the downward trend at midday on Thursday as investors continued their selling spree on sector-wise stocks.
Following the previous three days’ correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened lower amid low trading activities.
Within first 30 minutes of trading, the key index of the country’s prime bourse fell more than 22 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 34 points at 10:30am.
After first hour of trading, the DSEX lost more than 32 points while the CSE All Share Price Index (CASPI) of port city’s bourse dropped 64 points at 11:00am.
After two hours of trading, DSEX fell 47 points while the CSE All Shares Price Index plunged 158 points at 12noon when the report was filed.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the DSE stands at 5,348 points, losing 47 points at 12noon.
The DS30 index, comprising blue chips, fell 26 points or 1.30 percent to reach at 1,975 points till then.
The DSE Shariah Index (DSES) lost 12 points to stand at 1,239 points till then.
Turnover, the crucial indicator of the market, stands at BDT 1.77 billion, when the report was filed at 12noon.
Alif Industries was the most traded stocks till then with shares worth BDT 130 million changing hands, closely followed by Legacy Footwear BDT 103 million, Square Pharmaceuticals BDT 90 million, Intraco Refueling Station BDT 83 million and Beximco BDT 77 million.
Of the issues traded till then, 81 advanced, 169 declined and 65 issues remained unchanged on the DSE trading floor.
CHITTAGONG STOCK EXCHANGE:
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw downward trend till then with CSE All Shares Price Index of port city’s bourse –losing 158 points to stand at 16,529 points, also at 12noon.
The Selective Categories Index of the port city bourse also fell 98 points to reach at 9,999 points till then.
Of the issues traded till then, 31 gained, 91 declined and 24 issues remained unchanged with BDT 105 million in turnover.