Bangladesh’s stocks witness sharp fall at midday

BBN file photo

Dhaka, Bangladesh (BBN) – Bangladesh’s stocks witnessed sharp fall at midday on Sunday as investors were on selling spree, fearing further fall of stock prices.

Following the previous week’s sharp fall, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw negative trend amid low trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse fell 0.56 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 35 points at 10:45am.

After 30 minutes of trading, the DSEX fell more than 20 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 55 points at 11:00am.

After 90 minutes of trading, DSEX fell more than 49 points while the CSE All Shares Price Index lost 132 points at 12noon, when the report was filed.

DHAKA STOCK EXCHANGE

DSEX, the prime index of the DSE stands at 5,232 points, losing 49.75 points or 0.94 percent at 12noon.

The DS30 index, comprising blue chips, also fell 19 points to reach at 1,856 points till then.

The DSE Shariah Index (DSES) lost 10 points to stand at 1,213 points till then.

Turnover, the crucial indicator of the market, stands at BDT 1.66 billion when the report was filed at 12noon.

Khulna Power was the most traded stocks till then with shares worth BDT 109 million changing hands, closely followed by Shahjalal Islami Bank BDT 80 million,Monno Ceramic BDT 73 million,  Delta Life Insurance BDT 62 million and Active Fine Chemicals BDT 61 million.

Of the issues traded till then, 69 advanced, 204 declined and 39 issues remained unchanged on the DSE trading floor.

CHITTAGONG STOCK EXCHANGE

The port city’s bourse – the Chittagong Stock Exchange – (CSE), also saw sharp decline till then with CSE All Shares Price Index of port city’s bourse – losing 132 points to stand at 16,114 points, also at 12noon.

The Selective Categories Index of the port city bourse also lost 77 points to reach at 9,765 points till then.

Of the issues traded till then, 41 gained, 95 declined and 19 issues remained unchanged with BDT 68 million in turnover.

BBN/SS/AD

No Subscription? You Are Missing Out!

Join the business leaders of Bangladesh who rely on BBN's original reporting and in-depth analysis on business scenario of the country. We send only one daily email. No Spam Guaranteed!

Your Name (optional)

Your Email (Required) *

Subscribe

Please check your email and confirm your subscription