Dhaka stocks end flat after bumpy ride

| Updated: October 24, 2017 09:14:49

Dhaka stocks end flat after bumpy ride

Dhaka stocks ended almost flat in green Sunday after volatile trading as investors were active both sides of trading fence throughout the trading session.

Market insiders said the optimistic investors showed buying appetite on some large-cap shares while cautious investors sold shares sector-wise issues, taking the market in the flat zone.

The market started with an upward trend and the key index of the major bourse adding more than 28 points within first 15 minutes of trading, but most of the initial gains eroded amid sale pressure as the session progressed, finally key index closed only 3.18 points up.

DSEX, the core index of the DSE, which replaced the DGEN in four-and-a-half-year back, settled at 6,205.50 points, after advancing 3.18 points or 0.05 per cent over the previous session.

The two other indices also closed higher. The DS30 index, comprising blue chips advanced 13.71 points or 0.62 per cent to finish at 2,215. The DSE Shariah Index (DSES) rose 4.73 points or 0.35 per cent to close at 1,354.64.

The trading activities remained encouraging as total turnover on DSE amounting to Tk 10.54 billion, which was only 0.38 per cent lower than the previous day’s Tk 10.58 billion.

However, losers took a strong lead over the gainers as out of 334 issues traded, 181 closed lower, 117 higher and 36 remained unchanged on the DSE trading floor.

Islami Bank Bangladesh topped the day’s turnover chart with 15.95 million shares of Tk 619 million changing hands, closely followed by LankaBangla Finance, National Bank, Exim Bank and Uttara Bank.

Northern Jute Manufacturing Company was the day’s best performer, posting a gain of 8.15 per cent while newly listed Aamra Networks was the day’s worst loser, plunging by 5.88 per cent.

However, the port city bourse Chittagong Stock Exchange (CSE) closed lower with its Selective Categories Index - CSCX – losing 12.66 points to close at 11,656.

Losers beat gainers as 138 issues closed lower, 89 closed higher and 23 remained unchanged on the CSE.

The port city bourse traded 17.84 million shares and mutual fund units worth Tk 504 million in turnover.

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