Stocks return to red amid low turnover

Stocks closed the week with marginal fall on Thursday with turnover declined slightly as investors remained cautious amid profit taking tendency.

The market opened with a positive note, but could not sustain as the session progressed. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 12.75 points or 0.26 per cent to 4,808.87. The two other indices also closed in the red. The DS30 index, comprising blue chips, fell 8.73 points or 0.46 per cent to 1,859.39. The DSE Shariah Index (DSES) shed 1.74 points or 0.14 per cent to end at 1,191. Turnover dropped slightly to Tk6.03 billion, which was 1.95 per cent lower than the previous session’s Tk6.15 billion.

The losers took a lead as out of issues traded 321 traded, 173 closed lower, 109 higher and 39 remained unchanged on the DSE trading floor. Islami Bank Ltd was the day’s top turnover leader with shares of Tk429 million changing hands followed by Familytex (BD), United Power, RSRM Steels and BSRM. Familytex was the day’s best performer, posting a rise of 7.74 per cent while Shasha Denim was the day’s worst loser, plunging by 17.16 per cent.

The port city bourse Chittagong Stock Exchange (CSE) also closed slightly lower with its Selective Categories Index – CSCX – lost 18.08 points to end the week at 8,999.95. Losers beat gainers 112 to 95, with 48 issues remained unchanged on the port city bourse that traded 14.40 million shares and mutual fund units with a value of Tk488 million. -FE