DSEX dips below 4,500-mark

Stocks witnessed sharp decline on Sunday with key index of the Dhaka Stock Exchange (DSE) dipped below 4,500 points mark after 6 weeks as investors went for selling spree. The market started with a negative trend and the downturn continued till the market closure. Eventually, DSEX, the prime index of the DSE came down below 4,500 points and ended at 4,498.34 points, shedding 56.76 points or 1.24 per cent. The other two indices also saw steep decline. The DS30, comprising blue chips lost 20.97 points or 1.25 per cent to close at 1,645.03 points. The DSE Shariah Index (DSES) dropped by 8.82 points or 0.87 per cent to close at 1,004.09 points. Turnover value stood at Tk 3.78 billion, registering an increase of 8.62 per cent over the previous session’s value of Tk 3.48 billion. The losers took a strong lead over the gainers as out of 283 issues traded, 161 declined, 93 advanced and 29 issues closed unchanged on the DSE floor.
GP became the top turnover leader for the fourth consecutive sessions with shares worth Tk 179.75 million changing hands followed by Heidelberg Cement, Matin Spinning, Emerald Oil and BSCCL. Pharma Aids was the day’s highest gainer; posting a rise of 9.59 per cent while Shahjalal Islami Bank was the day’s worst losers, slumping by 10.79 per cent following its price adjustment after record date. The port city bourse -- Chittagong Stock Exchange (CSE)-- also witnessed sgarp decline with its Selective Categories Index -- CSCX-- lost 86.81 points to stand at 8,676.59 points. Losers beat gainers 119 to 71, with 24 issues remaining unchanged at the port city bourse that traded 6.76 million shares and mutual fund units with turnover value of Tk 276.49 million.