Turnover rises, but index falls at Dhaka bourse

The turnover at the Dhaka Stock Exchange increased, but the benchmark index fell today after experiencing a rise in the last working day on Thursday.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), edged down 64 points, or 0.92 per cent, to 6,920.

The premier bourse witnessed a big fall in its benchmark index as a group of investors were in the selling mood, the International Leasing Securities said in its daily market review.

During the whole session, the market saw the benchmark index go downward in a gradual manner without noticing any bullish movement, it said.

Investors' enthusiasm was noticed in the small market cap shares like jute, paper and printing and tannery with remarkable price surge as the regulatory authority of the stock exchange asked them to express their plan to maintain paid-up capital of at least Tk 30 crore.

However, selling pressure in the large market cap shares of financial institutions, life insurance, general insurance, textile and banking sectors pulled the market to end up in red, it added.

Aramit Ltd topped the gainers' list that rose 8.7 per cent followed by Ambee Pharmaceuticals, Rahim Textiles, Bangladesh Monospool Paper Manufacturing Company and Information Services Network.

Turnover of the DSE 10 per cent to Tk 1,148 crore today up from previous day's Tk 1,043 crore.

Stocks of One Bank traded mostly that worth Tk 88 crore followed by Beximco Ltd, SAIF Powertec, Sonali Paper, and Fortune Shoes.

One Bank shed mostly that dropped 9.83 per cent followed by Mithun Knitting, Phoenix Finance, Sena Kallyan Insurance, and ACME Pesticides.

The Chittagong Stock Exchange (DSE) also dropped. The CASPI, the main index of the port city bourse, down 196 points, or 0.96 per cent, to 20,265

Among the traded 297 stocks, 84 rose, 199 fell and 14 were the same.