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Textile sector snares 20pc of mkt turnover

FE Report | November 13, 2018 00:00:00


The Dhaka Stock Exchange (DSE) witnessed moderate loss in indices on Monday following the correction witnessed by the major sectors.

The turnover declined 1.71 per cent to Tk 5.18 billion.

According to some market operators, the market failed to continue opening vibe as investors opted for 'realising' gains from their portfolios.

The market opened the Monday's session with a positive note and a flat movement was observed for more than half an hour.

Later, the DSE broad index, DSEX lost some points and during mid session a recovery stance was observed. But finally, the DSEX closed the session with a moderate loss.

At the end of the session, the DSEX settled at 5239.06 with a loss of 0.75 per cent or 39.91 points.

The shariah-based index, DSES declined 1.06 per cent or 12.93 points to close at 1202.48.

The DS30 index comprising blue chip securities closed at 1855.45 with a loss of 0.68 per cent or 12.48 points.

According a market review of EBL Securities, the DSE settled in red zone because of profit-booking by investors.

"Quarterly earnings declaration of some stocks might have failed to attract investors' expectation that resulted into selling pressure," said the EBL Securities.

Of 335 issues traded, 96 advanced, 203 declined and 36 were unchanged on the DSE.

Investors' participation was concentrated mostly on textile sector which grabbed 19.70 per cent of the market turnover followed by pharmaceuticals & chemicals 14.30 per cent, fuel & power 13.0 per cent and engineering 10.70 per cent.

On the Chittagong Stock Exchange (CSE), the benchmark index CASPI declined 0.69 per cent or 111.67 points to close at 16074.49 points.

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