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DSEX slumps below 5,000-mark in early trading

FE Online Reports | Published: July 22, 2019 11:49:24 | Updated: July 23, 2019 11:35:58


The key index of the premier bourse slumped below 5,000-mark in early trading on Monday after 31 months as investors mostly on selling spree, fearing further fall.

Following the previous day’s steep fall, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on negative note amid low trading activities.

Within first 15 minutes of trading, the key index of the prime bourse fell 30 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 65 points at 10:45am.

After 30 minutes of trading, the DSEX fell more than 72 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 164 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went down by 72.55 points or 1.44 per cent to stand 4,961 points at 11:00am.

The DS30 index, comprising blue chips, also fell 26 points to reach at 1,773 points till then. The DSE Shariah Index shed 16 points to stand at 1,140 points.

Turnover, the important indicator of the market, stood at Tk 863 million on DSE when the report was filed at 11:00am.

Fortune Shoes was the most traded stocks till then with shares worth Tk 73 million changing hands, closely followed by United Power, Sea Pearl Beach Resort, Continental Insurance and Sinobangla Industries.

Of the issues traded till then, 31 advanced, 280 declined and 25 remained unchanged on the DSE trading floor.

The port city’s bourse – the Chittagong Stock Exchange – (CSE) also saw sharp fall till then with CSE All Share Price Index- CASPI-losing 164 points to stand at 15,250 points, also at 11:00am.

The Selective Category Index – CSCX – also fell 93 points to stand at 9,279 points till then.

Of the issues traded till then, 18 advanced, 143 declined 10 remained unchanged with Tk 18 million in turnover.

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