Dhaka, Bangladesh (BBN)– Bangladesh’s stocks finished on Monday, the first session after Eid holidays, as investors sold shares on sector-wise stocks.
Trading and official activities on the bourses remained closed from June 13 to June 17 on the occasion of the Eid-ul-Fitr, the biggest religious festival of the Muslims.
The presence of the investors was thin on the trading floor as many investors are yet to resume businesses in Dhaka after enjoying Eid holidays in rural areas.
Following the last session’s positive movement, the market started on a positive note and the key index of the major bourse gained about 8.0 points within first 15 minutes of trading.
But, rest of the session went through volatility, finally DSEX fell nearly 24 points and the CSE All Share Price Index lost 56 points at losing.
DSEX, benchmark index of Dhaka Stock Exchange (DSE), settled at 5,341, losing nearly 24 points or 0.44 per cent over the previous session.
The DS30 index, comprising blue chips, also fell 16 points to finish at 1942 points.
However, the DSE Shariah index advanced 1.15 points to close at 1,239 points.
Trading activities increased slightly as total turnover on the DSE amounting to BDT 4.85 billion which was 6.12 percent higher than the previous session’s BDT 4.57 billion.
The losers took a modest lead over the gainers as out of 334 issues traded, 175 closed lower, 125 closed higher and 34 remained unchanged on the DSE trading floor.
Alif Industries topped the DSE turnover chart with shares worth BDT 321 million changing hands, closely followed by Delta Brac Housing Finance, Grameenphone, Khulna Power Company and United Power.
The port city’s bourse CSE also closed lower with its CSE All Share Price Index – CAPSI-losing 56 points to settle at 16,449 and Selective Categories Index – CSCX –shedding 35 points to finish at 9,946 points.
Here too, the losers beat the gainers as 105 issues closed lower, 76 higher and 21 issues remained unchanged on the CSE.
The port city bourse traded 2.92 million shares and mutual fund units worth more than BDT 117 million in turnover.