Dhaka, Bangladesh (BBN) – Bangladesh’s stocks witnessed downward trend in early hour of trading on Tuesday as risk-averse investors booking profit over the recent surge.
Both bourses – the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw negative trend till the report was filing at 10:45am.
After witnessing sharp rise in the past two sessions, the key index of the DSE fell 21.89 points while the Selective Category Index of port city bourse lost 18.96 points within first 15 minutes of the day’s trading at 10:45am.
DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), went down by 21.89 points or 0.38 percent to stand at 5,647.90 points, when the report was filed at 10:45am.
The two other indices also saw downward trend. The DS30 index, comprising blue chips, fell 3.49 points or 0.17 percent to reach at 2,021.13 points.
The DSE Shariah Index (DSES) lost 0.42 points or 0.03 percent to stand at 1,292.19 points.
Turnover, the important indicator of the market, stands at BDT 1.96 billion when the report was filed at 10:45 million, riding on Islami Bank and Summit Power.
Of the issues traded till then, 92 advanced, 140 declined and 29 issues remained unchanged.
Islami Bank dominated the turnover chart with shares worth BDT 194 million changing hands till then, followed by Summit Power BDT 169 million, IBN Sina BDT 160 million, RAK Ceramics BDT 118 million and Beximco BDT 98 million.
The port city bourse CSE also opened lower with its Selective Category Index – CSCX – losing 18.96 points to stand at 10,627.45 points, also at 10:45am.
Of the issues traded till then, 40 gained, 67 declined and 12 issues remained unchanged with a turnover value of BDT 72 million.