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DSE, CSE end nearly flat after bumpy ride

FE Online Report | Published: May 23, 2019 15:19:44 | Updated: May 24, 2019 13:46:05


Stocks ended flat on Thursday after volatile trading as investors mostly followed cautious stance ahead of national budget and ongoing holy Ramadan.

Market analysts a section of investors preferred booking profit while some others were busy rebalancing portfolio, taking the market in the flat zone.

After witnessing volatility throughout the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,250, losing 0.34 points over the previous day.

The DSE Shariah Index also fell 3.64 points to close at 1,192. However, the DS30 index, comprising blue chips, fell 2.49 points to finish at 1,832.

Turnover, another important indicator of the market, rose to Tk 3.19 billion, which was 10 per cent higher than the previous day’s turnover of Tk 2.90 billion.

The losers took a modest lead over the gainers as out of 340 issues traded, 164 declined, 129 advanced and 47 issues remained unchanged on the DSE trading floor.

Prime Finance & Investment topped the turnover chart with 20.65 million shares worth Tk 221 million changing hands.

The other turnover leaders were UCB, Brac Bank, United Power and Eastern Cables.

Premier Leasing was the day’s best performer, posting a gain of 9.52 per cent while UCB was the worst loser, losing 13.47 per cent following its price adjustment after record date.

The port city bourse, Chittagong Stock Exchange, also finished flat with its CSE All Share Price Index – CASPI –shedding 1.75 points to settle at 16,041 and the Selective Categories Index - CSCX –losing 0.35 points to finish at 9,708.

Here too, the losers beat gainers, as 112 issues closed lower, 96 ended higher and 36 remained unchanged on the CSE trading floor.

The port city bourse traded 6.06 million shares and mutual fund units worth Tk 182 million in turnover.

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