Dhaka stocks begin week with a fall

Turnover at the Dhaka Stock Exchange (DSE) plunged 20 per cent today from the last trading day amid confidence crisis among investors.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), edged down 11 points, or 0.17 per cent, to 6,245.

The DS30, the blue-chip index, down 0.19 per cent to 2,204 while the DSES, the index that represents shariah-based companies, fell 0.29 per cent to 1,368.

Turnover, an important indicator of the market, fell to Tk 340 crore that was Tk 425 crore on the previous day.

Among the traded companies, 30 advanced, 55 declined and 221 remained the same.

The debutant Islami Commercial Insurance posted the highest appreciation, with a 9.92 per cent rise.

Jute Spinners surged 8.78 per cent. Apex Foods, Aramit Ltd, Eastern Cables rose more than 7 per cent.

Orion Infusion suffered the sharpest fall, sliding 7.4 per cent. Monno Agro & General Machinery lost 7 per cent and Monno Ceramic Industries declined 5.7 per cent.

Intraco Refueling Station was the most-traded stock on the day with its shares worth Tk 22 crore transacted.

Monno Ceramic Industries, Bashundhara Paper Mills, Apex Foods, and Genex Infosys also saw significant transactions.

The Caspi, the all-share price index of the CSE, fell 1 point to end the day at 18,446.

Of the securities that transacted, 30 advanced, 35 declined, and 56 did not show any price movement.