Biz-Econ

DSE turnover dips below Tk5b

Stocks extended their losing spell for the second running session on Thursday with turnover dipping below Tk 5.0 billion-mark on the premier bourse as cautious investors continued profit booking.DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), settled at 4,657.94, after falling 11.56 points or 0.24 per cent. The two other indices also edged lower. The DS30 index, comprising blue chips, fell 4.84 points or 0.27 per cent to finish at 1,751.03.The DSE Shariah Index dropped 5.08 points or 0.45 per cent to close at 1,117.38. Turnover came down to Tk 4.18 billion -- 38 per cent lower than the previous day’s Tk 6.69 billion. Losers outnumbered gainers 184 to 100, with 52 issues remaining unchanged on the DSE trading floor.United Power Generation and Distribution dominated the turnover chart with shares worth Tk 135 million changing hands followed by IT Consultants, Beximco Pharma and Emerald Oil. Shurwid Industries was the day’s best performer, posting a rise of 9.72 per cent while Savar Refarctories was the worst loser, plunging 8.97 per cent.Chittagong Stock Exchange (CSE) also edged lower with its Selective Categories Index, CSCX, falling 17.39 points to finish at 8,657.42. Losers beat gainers as 145 issues closed lower, 69 higher and 31 remained unchanged on the CSE. The port city bourse traded 13.64 million shares and mutual fund units worth Tk 322 million in turnover. -FE