Stocks end flat
Stocks ended flat yesterday as investors offloaded shares and mutual fund units to bag profits amid the political turbulence that has gripped the country since January 6.
DSEX, the benchmark general index of the Dhaka Stock Exchange, gained 6.46 points or 0.13 percent, to close at 4,808.64.
DSES, the shariah index of DSE, rose 7.14 points or 0.63 percent, to finish at 1,143.17.
“Despite a gloomy political scenario, investors remained active in large cap stocks, which surged the market in the early hours but failed to keep up the momentum as the day progressed,” said IDLC Investments.
The market gained in the early morning, but the gains did not last till the end of the day, said LankaBangla Securities.
Turnover, the most important indicator of the market, advanced 28.4 percent to Tk 315 crore, compared to the previous day.
A total of 0.87 lakh trades were executed with 6.81 crore shares and mutual fund units changing hands on the Dhaka bourse.
Of the 311 issues that traded on the DSE, 126 advanced, 144 declined and 41 remained unchanged.
Among the major sectors, pharma gained 1.07 percent, followed by cement 1.46 percent and telecom 0.37 percent.
Square Pharma was the most traded stock of the day with 6.38 lakh shares worth Tk 16.86 crore changing hands, followed by United Commercial Bank, Bangladesh Submarine Cable Company, ACI, Ifad Autos, Lafarge Surma Cement and Shahjibazar Power Company.
Alltex Industries was the highest gainer of the day with a 9.70 percent rise, with Imam Button being the worst loser, plunging by 9.09 percent.
Chittagong Stock Exchange declined yesterday as its selective categories index, CSCX, lost 8.31 points to close at 8,923.49.
Losers beat the gainers 115 to 85, as 35 remained unchanged out of the 235 issues that were traded on the CSE floor. Total 74.16 lakh shares changed hands with Tk 26.25 crore in turnover.
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