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Stocks ended flat on Sunday as sellers regained control due to the weakened strength of the market trend.
The prime index of the Dhaka Stock Exchange (DSE) decreased by 0.30 points to settle at 5,734.97.
The prime index of the Dhaka bourse ended on a flat note following a short-lived positive momentum till the mid-session as sellers regained control due to the weakened strength of the market trend. According to EBL securities.
The blue-chip index DS30, a group of 30 prominent companies, saw an 11.64-point decrease to 2094.80, while the DSES Index, which represents Shariah-based companies, saw a 5.66-point increase to 1,263.47 till the end.
The market saw mixed reactions as the session began with an upbeat momentum, but risk-averse investors’ subsequent cautious selling approach to realize the short-term gains amidst an uncertain market momentum eroded the early session optimism. According to EBL Securities.
Turnover, a crucial indicator of the market, stood at Tk 6.74 billion, up 13.61 per cent from the previous trading day.
The majority of the stocks saw a price decrease, as out of the 400 issues traded, 109 closed higher, 233 ended lower, and 58 remained unchanged on the DSE trading floor.
Agni Systems was the most-traded stock with shares worth Tk 338.40 million changing hands, followed by Taufika Foods and Lovello Ice-cream, Grameenphone, Sonali Aansh Industries and Linde Bangladesh Limited.
The Chittagong Stock Exchange (CSE) also ended flat with its All Share Price Index (CASPI) losing 3.02 points to settle at 16189 and the Selective Categories Index (CSCX) gaining 2.4 points to settle at 9763.
The port city bourse traded 3.8 million shares and mutual fund units with a turnover volume of Tk 1.79 billion.