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The Financial Express

Markets end flat after bumpy ride

| Updated: March 20, 2018 16:47:19


FE file photo FE file photo

Stocks ended flat on Sunday after volatile trading as investors were active on both sides of the fence throughout the session.

Market operators said some investors preferred to book profits on stocks that saw substantial gains in recent upsurge while some took position on sector-wise issues, taking the market into the flat zone.

After witnessing a see-saw session, DSEX, prime index of Dhaka Stock Exchange (DSE), settled at 5,721, edging up by 1.10 points or 0.02 per cent over the previous day.

Two other indices of the premier bourse also closed almost flat.

Of those, DS30 index, comprising blue chips, advanced 2.69 points or 0.12 per cent to finish at 2,118, and Shariah index DSES saw a fractional gain of 0.88 per cent to close at 1,349.

Trading activities remained low as total turnover on the DSE floor amounted to Tk 2.75 billion, which was 16.64 per cent lower than the previous day’s Tk 3.38 billion.

The losers took a modest lead over the gainers as out of 331 issues traded, 172 closed lower, 122 closed higher and 37 remained unchanged on the DSE floor.

Monno Ceramic Industries topped the turnover chart with shares of Tk 95 million changing hands, closely followed by Mercantile Bank, Wata Chemicals, IFAD Autos and Queen South Textile.

Newly listed Queen South Textile was the day’s highest gainer, posting 10 per cent rise, while Savar Refractories was the worst loser, losing by 4.93 per cent.

Port city bourse - CSE - also edged up with the CSE All Share Price Index – CASPI – advancing 4.92 points to settle at 17,660 and selective Categories Index – CSCX – gaining 2.18 points to finish at 10,663 points.

The losers and the gainers were equal as 96 issues closed higher, 96 loser and 31 remained unchanged on the CSE.

The port city bourse traded 7.25 million shares and mutual fund units worth more than Tk 207 million in turnover.

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