Dhaka, Bangladesh (BBN)-Bangladesh’s stocks turned negative after witnessing early hour upward movement on Tuesday, the third trading session of the week.
Both the Dhaka Stock Exchange (DSE), the prime bourse of Bangladesh, and Chittagong Stock Exchange (CSE), the port city bourse of the country, opened with a positive note when the market opened at 10:30am.
But as the time passed, the DSE and CSE failed to hold the trend as investors failed to predict the future after two hours of trading, experts said.
The key index of Dhaka Stock Exchange lost 22.15 points while the port city bourse, selective catagory index of the Chittagong Stock Exchange went down 41.50 points around 12:30pm.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 22.15 points or 0.50 per cent to stand at 4,369.27 points, when the report was filed at 12:30pm.
The DS30 index, comprising blue chips, shedded 9.61 points or 0.57 per cent to reach at 1,663.26 points.
The DSE Shariah Index (DSES) also lost 5.61 points or -0.53 per cent to reach at 1,057.33 points.
DSE turnover stands at BDT 1.58 billion when the report was filed at 12:30pm.
Of the issues traded till then, 68 advanced, 179 declined and 61 issues remained unchanged.
ACI Limited was the most traded stocks till then with shares BDT 102 million changing hands followed by MJL BD, Doreen Power, IBN Sina, ACI Formulations and United Power Generation & Distribution Company Ltd.
CHITTAGONG STOCK EXCHANGE:
The port city bourse – the Chittagong Stock Exchange (CSE) also saw positive trend till then with its Selective Category Index- CSCX– dropped 41.50 points to stand at 8,173.02 points, also at 12:29pm.
Of the issues traded till then, 49 gained, 125 declined and 39 remain unchanged with a turnover value of BDT 92 million.
BBN/SK/AD