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Stocks witnessed a downturn in early trading on Thursday as investors went on a selling binge to pocket short-term profit.
Following the previous day's rise, the market opened sharply lower and lost more than 50 points within the first hour of trading. But gradually recovered most of the initial losses.
After two hours of trading, DSEX, the prime index of the Dhaka Stock Exchange (DSE), slid 21 points or 0.34 per cent to 5,932 at noon, when the report was filed.
The blue-chip DS30 index, a group of 30 prominent companies, also lost 1.5 points to 2,195 and the DSES index, which represents Shariah-based companies, fell 1 point to 1269 till then.
Turnover, another important indicator of the market, stood at Tk 5.28 billion till then.
Of the issues traded till then, 214 declined, 140 advanced, and 39 issues remained unchanged on the DSE trading floor till
GP was the most traded stock till then with shares worth Tk 540 million changing hands.
The Chittagong Stock Exchange also saw a downturn with its All Shares Price Index (CASPI)—losing 86 points to stand at 17055 while the Selective Categories Index – CSCX lost 51 points to reach 10,274 till then.