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Dhaka stocks opened lower on Sunday as jittery investors are selling shares amid concern over higher tariffs on export products to USA.
The trading resumed after nine days of Eid vacation.
Stock investors worried following the US government announcement of new tarrifs on imports across the world, including Bangladesh.
US government last week imposed a 37 per cent on import from Bangladesh as part of sweeping new reciprocal tarrifs policy against existing 15 per cent.
Market operators said imposition of higher tarrifs on Bangladesh products could hurt export-orientated listed companies.
Following the news, the prime index of the Dhaka Stock Exchange (DSE), went down by 31 points or 0.58 percent to 5,188 at 11:00 am, when the report was filed.
The DS30 index, a group of 30 prominent companies, lost 2 points to 1,912 while DSES index, which represents Shariah-based companies, shed 4 points to 1,163.
Turnover, another important indicator of the market, remained low and amounted to Tk 1.18 billion till then.
Of the issues traded till then, 265 declined, 70 advanced, and 38 issues remained unchanged on the DSE trading floor till then.
Beximco pharma was the most traded stock till then with shares worth Tk 133 million changing hands.
The Chittagong Stock Exchange, however, saw positive trend till then with its All Shares Price Index (CASPI)—gaining 23 points to stand at 14564 while the Selective Categories Index – CSCX gained 15 points to reach 8,858 till then.
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