DSEX dips below 4,800-point mark

Stocks ended lower for the second running session Monday with turnover dropped further as investors continued to book profit amid cautious trading. The market opened with a positive note, but could not sustain. The prime index of the Dhaka Stock Exchange (DSE) --- DSEX --- dipped below 4,800 points mark after five trading sessions and ended at 4,797.97 points, shedding 24.74 points or 0.51 per cent. The others two indices also ended into red. The DS30 index, comprising blue chips lost 7.61 points or 0.45 per cent to close at 1,691.04 points. The DSE Shariah Index (DSES) went down by 7.23 points or 0.72 per cent to close at 995.72 points. The total turnover on DSE came down to Tk 6.03 billion, registering 13.23 per cent decline over the previous session’s turnover value of Tk 6.95 billion. The losers took a lead over the losers as out of 291 issues traded, 170 declined, 95 advanced and 26 issues closed unchanged on the DSE floor. The market capitalization of the DSE stood at Tk 2,901.69 billion against Tk 2,914.94 billion in the previous session. Square Pharma continued to dominate the top turnover chart for the third running session with shares worth Tk 355.35 million changing hands followed by Meghna Petroleum, BSCCL, Olympic Industries and Jamuna Oil. Standard Ceramics was also the day’s highest gainer, posting a rise of 6.46 per cent while Stylecraft Ltd was the day’s worst losers, slumping by 5.96 per cent. The Chittagong Stock Exchange (CSE) also ended lower, with its Selective Categories Index – CSCX lost 44.18 points to close at 9,432.55 points. Losers beat gainers 148 to 54, with 24 issues remaining unchanged at the port city bourse that traded 12.35 million shares and mutual fund units, turnover value of Tk 543.08 million.