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Stocks end lower amid volatility

DSE turnover hits three-week low

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The stock ended 58 points down in the premier bourse on Wednesday, as risk-averse investors were mostly in selling mode amid the prevailing volatility in the market.

The DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down 58 points to settle at 5,527.

The prime index has lost nearly 2.5 per cent in the last two trading sessions. The current index is the lowest in the last 20 days. DSEX was lower than this on 25th April 2024. The index was 5518 on the day.

The blue chip index DS30, a group of 30 prominent companies, saw more than 14 points fell to 1978 while the DSES Index, which represents Shariah-based companies, lost 12.80 points to 1,213 till the end.

Turnover, a crucial indicator of the market, stood at Tk 5.26 billion at the end of trading which was 21 per cent lower than previous day and the lowest in last 20 days.  

The majority of the stocks saw price erosion, as out of the 395 issues traded, 61 closed higher, 301 ended lower, and 33 remained unchanged on the DSE trading floor.

Alif Industries Limited was the most-traded stock with shares worth Tk 192 million changing hands, followed by eGeneration Limited, Orion Infusion Ltd, Navana Pharmaceuticals PLC and Best Holdings Limited.

The Chittagong Stock Exchange (CSE) also ended lower with its All Share Price Index (CASPI) losing 105 points to settle at 16,060, and the Selective Categories Index (CSCX) losing 65 points to 9670.

The port city bourse traded 3.5 million shares and mutual fund units with a turnover volume of Tk 136 million.

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