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Stocks ended flat on Tuesday, as investors remained active on both sides of the trading fence while selling dominance on a particular large-cap.
The prime index of the Dhaka Stock Exchange (DSE) decreased by 1 point and settled at 5,150.87.
According to EBL Securities, the prime index of the Dhaka bourse ended on a flat note following a short-lived positive vibe until mid-session. Investors remained active on both sides of the trading fence while selling dominance on particular large-cap stocks extended the market’s waning momentum.
The blue-chip index DS30, comprising 30 leading companies, decreased by 1.68 points to 1,904.41, while the DSES Index, representing Shariah-compliant companies, increased by 1.41 points to 1,158.34 by the close.
Turnover, a crucial indicator of the market, stood at Tk 3.51 billion, down 11.74 per cent from the previous trading day.
The market saw mixed reactions as the session began with an upbeat momentum as bargain hunters opted to take positions in the beaten-down issues, but risk-averse investors’ subsequent cautious selling approach amidst an uncertain market momentum eroded the early session optimism, according to EBL Securities
The majority of the stocks saw price increases. Out of the 396 issues traded, 181 closed higher, 131 ended lower, and 84 remained unchanged on the DSE trading floor.
Khan Brothers PP Woven Bag was the most traded stock, with shares worth Tk 118.88 million changing hands, followed by Midland Bank, Fine Foods, Aftab Automobiles, and Orion Infusion.
The Chittagong Stock Exchange (CSE) ended up with its All Share Price Index (CASPI) decreasing 16.85 points to settle at 14385 and the Selective Categories Index (CSCX) increasing 9.90 points to settle at 8757.
The port city bourse traded 3.4 million shares and mutual fund units with a turnover volume of Tk 116.5 million.
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