DSE key index dips below 5,000-mark

Amid gloomy market outlook, the key index of the country’s main bourse – Dhaka Stock Exchange – dipped below the 5,000-mark on Sunday, as investors went for selling spree, fearing further fall. DSEX, the prime index of the DSE, plunged below the 5,000-point mark after 26-session and ended at 4,938.65 points, shedding 86.44 points or 1.72 per cent today, the opening session of the week. The other two indices also witnessed steep decline. The DS30, comprising blue chips, lost 51.62 points or 2.76 per cent to 1,815.36. The DSE Shariah Index shed 22.44 points or 1.90 per cent to close at 1,157.85 points. The total turnover on the Dhaka bourse, however, improved to Tk 8.57 billion, registering an increase of 38.22 per cent over the previous session’s turnover of Tk 6.20 billion. The losers took a lead over the gainers as out of 306 issues traded, 156 declined, 112 advanced and 38 remained unchanged. The total market capitalisation of the DSE stood at Tk 3,275.29b against Tk 3,322.52b in the previous session. The new issue -- Western Marine Shipyard was the most traded stock for the session with shares worth Tk 630.84 million changing hands followed by Keya Cosmetics, Appollo Ispat, DESCO and Lafarge Surma cement. National Polymer was the day’s highest gainer, posting a rise of 32.11 per cent while RSRM Steels was the day’s worst loser, slumping by 12.15 per cent. The port city bourse, Chittagong Stock Exchange (CSE), also saw sharp decline with its Selective Categories Index – CSCX – losing 113.71 points to close at 9,329.09. Losers beat gainers 133 to 73, with 19 issues remaining unchanged at the port city bourse that traded 17.08m shares and mutual fund units with a turnover value of Tk 676.31m.