Biz-Econ

DSEX dips below 4700-mark

Stocks suffered yet another big fall on Thursday, extending the losing streak for the third running sessions as investors went on selling spree.TStocks suffered yet another big fall on Thursday, extending the losing streak for the third running sessions as investors went on selling spree.he market opened with falling trend and the downturn continued the end of the session. DSEX, the prime index of the Dhaka Stock Exchange (DSE), dipping below the 4,700-mark and ended at 4,676.62, after slumping 39.45 points or 0.83 per cent. The two other indices also declined. The DS30 index, comprising blue chips, lost 21.75 points or 1.21 per cent to 1,766.50.The DSE Shariah Index (DSES) dropped 12.73 points or 1.13 per cent to end at 1,114.83. Turnover on the DSE crossed Tk4.0 billion and amounted to Tk4.04 billion, which was 31.16 per cent higher than the previous day’s Tk3.08 billion. Losers outpaced gainers as out of 320 issues traded, 176 declined, 98 advanced and 46 remained unchanged. The newly listed KDS Accessories dominated the day’s top turnover chart with shares of Tk457.70 million changing hands followed by Lafarge Surma Cement, Beximco Pharma, GP and United Airways. IPDC was the day’s best performer, posting a rise of 9.79 per cent while Appollo Ispat was the day’s worst loser, plunging by 12.5 per cent.The port city bourse Chittagong Stock Exchange (CSE) also closed lower with its Selective Categories Index – CSCX – shedding 77.08 points to end at 8,711.71. Losers beat gainers 132 to 65, with 31 issues remaining unchanged on the port city bourse that traded 8.90 million shares and mutual fund units with a value of Tk355.47 million. -FE