Indices slide on profit taking
Star Business Report
After eight days of steady gains, price indices on the Dhaka Stock Exchange (DSE) slipped back yesterday as investors rushed to take profits.The DSE General Index went down by 32.91 points, or 1.7 percent, ending the day at 1894.13 points, while the DSE All Share Price Index declined by 25.05 points, or 1.55 percent, finishing the day at 1591.03 points. The turnover also fell down slightly on the premier bourse. The total turnover came down to Tk 156.36 crore yesterday from Tk 160.70 crore of the previous day. Losers dominated the gainers on the bourse. Of the issues traded, 69 advanced, 128 declined and 16 remained unchanged. A total of 1,0125,072 shares changed hands on the DSE. "It is a good sign that the market is not just witnessing upward trend, but experiencing downtrend as well," said DSE Chief Executive Officer Dr Salahuddin Ahmed Khan. At the end of the day, Power Grid Company of Bangladesh (PGCB) topped the turnover leaders followed by Brac Bank, Heidelberg Cement, Southeast Bank, Prime Bank, Shahjalal Islami Bank, Square Pharma, Dhaka Electric Supply Company, Summit Power and EXIM Bank. PGCB, the state-run power company, topped the turnover leaders with 343,000 shares worth Tk 19.68 crore. UNB adds: Trading at the Chittagong Stock Exchange (CSE) closed lower yesterday with the losers strongly dominating the gainers. CSE All Share Price Index shed 40.47 points or 0.86 percent to close at 4644.27 points from Sunday's 4684.74 points. The CSE-30 Index also decreased by 21.95 points or 0.53 percent to close at 4059.31 points from 4081.26 points on the previous day. A total of 105 issues were traded. Of them, 29 gained, 67 declined and nine remained unchanged. Some 3,099,550 shares worth Tk 29.53 crore changed hands against 1,740,381 shares valued at Tk 28.52 crore on the previous trading day.
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