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The Financial Express

Stocks open week on negative note ahead of Eid

| Updated: May 11, 2021 11:17:24


Stocks open week on negative note ahead of Eid

Stocks opened on a negative note on Sunday as investors opted for booking profit on quick-gaining stocks ahead of Eid Festival.

There are two or three trading days left before Eid-ul-Fitr vacation while the market remains closed tomorrow (Monday) due to Shab-e-Qadar.

The market opened on a negative note and DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), fell 23.35 points or 0.41 per cent to stand at 5,582 points within the first 30 minutes of trading.

Market operators said some retail investors sold shares to pull out money ahead of Eid-ul-Fitr nears.

Two other indices saw a negative trend till then with the DS30 index, comprising blue chips, lost 6.33 points to reach at 2,130 and the Shariah Index (DSES) shed 1.85 points to stand 1,250 points till then.

Turnover, another important indicator of the market, stood at Tk 2.85 billion within the first 30 minutes of trading when the report was filed at 10:30 am.

Of the issues traded till then, 181 declined, 90 advanced, and 56 remained unchanged on the DSE trading floor till then.

NRB Commercial Bank was the most traded stock till then with shares worth Tk 298 million changing hands, followed by Beximco, National Feed Mills, Orion Pharma, and Robi.

The port city bourse – the Chittagong Stock Exchange – (CSE) also fell marginally at opening with CSE All Share Price Index- CASPI-losing 15 points to stand at 16,193, also at 10:30 am.

Of the issues traded till then 55 advanced, 59 declined and 18 remained unchanged with Tk 272 million in turnover.

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