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9 days ago

DSE slips after previous surge, turnover declines

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The benchmark index of the Dhaka Stock Exchange (DSE) fell on Monday, a day after a major rally, as most listed companies witnessed price erosion and overall turnover declined.

On the second trading day of the week, the DSEX, the prime index of the DSE, lost 11 points. The Shariah-based DSES dropped 8 points, while the blue-chip DS30 index shed 9 points.

The total turnover at the DSE stood at Tk 12.57 billion, down from Tk 12.75 billion in the previous session.

Most of the traded issues ended lower, with 218 companies posting losses against 153 gainers, while prices of 26 companies remained unchanged.

In the block market, shares worth Tk 320 million were traded from 26 companies, with Grameenphone topping the list with Tk 140 million worth of shares changing hands.

Premier Bank PLC emerged as the top gainer at the DSE, advancing nearly 10 per cent, while ICB Islamic Bank PLC was the worst loser, shedding around 10 per cent.

Meanwhile, trading at the Chittagong Stock Exchange (CSE) ended on a positive note, with its benchmark CASPI index rising by 7 points.

Out of the traded issues, 116 companies advanced, 90 declined and 22 remained unchanged.

The turnover at the CSE, however, dropped to Tk 130 million from Tk 240 million in the previous session.

Safko Spinning Mills Ltd topped the gainers’ chart at the CSE with nearly 10 per cent price appreciation, while Shepherd Industries PLC was the worst performer, losing around 10 per cent.

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