Dhaka, Bangladesh (BBN) – Bangladesh’s stocks turned downward at midday on Sunday as investors are mostly on selling mode ahead of the holy month of Ramadan.
Following the week-long bearish trend, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher, but turnover remains low.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 14 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 15 points at 10:45am.
After 30 minutes of trading, the DSEX rose more than 20 points while the CSE All Share Price Index (CASPI) of port city’s bourse advanced 37 points at 11:00am.
After 90 minutes of trading, DSEX fell more than 2.0 points while the CSE All Shares Price Index lost 39 points at 12noon when the report was filed.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the DSE stands at 5,584 points, losing 2.48 points or 0.06 percent at 12noon.
The DSE Shariah Index (DSES) also lost 0.02 points to stand at 1,306 points till then.
However, the DS30 index, comprising blue chips, advanced 9.55 points or 0.46 percent to reach at 2,083 points till then.
Turnover, the crucial indicator of the market, stands at BDT 1.66 billion, when the report was filed at 12noon.
Western Marine Shipyard was the most traded stocks till then with shares worth BDT 140 million changing hands, closely followed by Beximco BDT 106 million, United Power BDT 76 million, BSRM BDT 175 million and Queen South Textile BDT 70 million.
Of the issues traded till then, 113 advanced, 150 declined and 61 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 39 points to stand at 17,221 points, also at 12noon.
The Selective Categories Index of the port city bourse also lost 20 points to reach at 10,408 points till then.
Of the issues traded till then, 51 gained, 87 declined and 29 issues remained unchanged with BDT 71 million in turnover.