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Stocks open week on negative note

FE Online Report | Published: November 25, 2018 11:34:39 | Updated: December 04, 2018 12:42:53


FE file photo used for representation

The capital market saw a downward trend in the early hour of trading on Sunday as investors mostly followed cautious stance ahead of the national elections.

Following the previous week’s positive trend, both the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed a downturn with low trading activities.

Within first 15 minutes of trading, DSEX, the key index of the country’s prime bourse fell more than 4.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 4.0 points at 10:45am.

After 30 minutes of trading, the DSEX fell 4.46 points while the CASPI of Chattogram bourse lost 12 points at 11:00am when the report was filed.

The DSEX went down by 4.46 points or 0.08 per cent to stand 5,301 points at 11:00am.

The DS30 index, comprising blue chips, lost 2.55 points to stand at 1,866 points till then. The DSE Shariah Index also fell 1.64 points to stand at 1,225 points.

Turnover, the important indicator of the market, stood at Tk 1.16 billion on DSE when the report was filed at 11:00am.

Khulna Power Company was the most traded stocks till then with shares worth Tk 116 million changing hands, closely followed by Intech, SK Trims Industries, National Tea Company, and Al-Haj Textile.

Of the issues traded till then, 107 advanced, 94 declined, and 50 remained unchanged on the DSE trading floor.

The Chittagong Stock Exchange saw a downward trend till then with the CASPI losing 12 points to stand at 16,277 points, also at 11:00am.

The Selective Category Index –(CSCX) also lost 8.83 points to stand at 9,866 points till then.

Of the issues traded till then, 28 gained, 35 declined, and 17 issues remained unchanged with Tk 25 million in turnover.

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