Dhaka, Bangladesh (BBN)-Bangladesh’s stocks fell for the six consecutive sessions on Wednesday with key index of the Dhaka Stock Exchange (DSE) dipped below the 4,600-mark amid technical disruption.
Meanwhile, some 30 brokerage houses on the Dhaka Stock Exchange (DSE), including LankaBangla Securities, could not execute trade on Wednesday due a technical malfunction.
The key index of Dhaka Stock Exchange (DSE) slumped 24.98 points while the port city bourse Chittagong Stock Exchange (CSE) shedded 42.31 points at the closing.
The market DSEX, the prime index of the Dhaka Stock Exchange (DSE), came down the 4,600-mark after one month and settled at 4,585.98, slumping 24.98 points or 0.52 per cent.
The two other indices also edged lower. The DS30 index, comprising blue chips, lost 14.11 points or 0.80 per cent to finish at 1,732.68.
The DSE Shariah Index shed 7.58 points or 0.68 per cent to close at 1,106.83.
Turnover, another important indicator of the market, came down to BDT 3.58 billion, which was 19.5 per cent lower than the previous day’s BDT 4.45 billion.
The losers took a strong lead over the gainers as out of 318 issues traded, 185 closed lower, 90 higher and 43 remained unchanged on the DSE trading floor.
Al-Arafa Islami Bank dominated the turnover chart with shares worth BDT 226 million changing hands followed by Alltex Industries, Olympic Industries, IT Consultants and Emerald Oil.
Alltex Industries was the day’s best performer, posting a rise of 9.79 per cent while Northern Jute Manufacturing Company was the worst loser, slumping 5.48 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also closed lower with its Selective Categories Index, CSCX, falling 42.31 points to finish at 8,579.04.
Losers beat gainers as 145 issues closed lower, 70 higher and 32 remained unchanged on the CSE.
The port city bourse traded 14.18 million shares and mutual fund units worth BDT 333 million in turnover.