Stocks end flat with choppy trading

Stocks closed almost flat on Sunday, after witnessing volatility throughout the session, as investors went on late hours selling pressure.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 4,674.83, edging 1.24 points or 0.02 per cent down after four hours trading session. The two other indices also ended in the red. The DS30 index, comprising blue chips, lost 6.85 points or 0.38 per cent to finish at 1,764.43.

The DSE Shariah Index (DSES) dropped 2.03 points or 0.18 per cent to end at 1,124.86. The total turnover on the premier bourse stood at Tk 6.08 billion, which was 5.44 per cent lower than the previous day’s Tk 6.43 billion. The gainers, however, took a modest lead over the losers as out of 319 issues traded, 145 closed higher, 136 lower and 38 remained unchanged on the DSE trading floor.

United Power Generation and Distribution Company dominated the turnover chart for the three consecutive sessions with 1.99 million shares worth Tk 326 million changing hands followed by newly listed IT Consultants, Emerald Oil, Khulna Power and Beximco. Shurwid Industries was the day’s best performer, posting a rise of 9.77 per cent while Eaxim Bank First Mutual Fund was the worst loser, plunging 5.17 per cent.

The port city bourse Chittagong Stock Exchange (CSE) also closed in the red with its Selective Categories Index – CSCX – losing 0.70 points to close at 8,684.60. Gainers beat losers 106 to 95, with 37 issues remaining unchanged on the port city bourse that traded 13.19 million shares and mutual fund units with a value of Tk 418.45 million. -FE