Stocks dip at opening

The prices of most of the shares on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) witnessed sharp decline in the early hours of trading on Sunday, the first trading day after the budget announcement. DSEX, the prime index of the DSE, went down by 40.04 points or 0.91 per cent to stand at 4,356.49 points after first 30 minutes of trade when the report was filed at 11am. The DS30 index, comprising blue chips, lost 18.08 points or 1.11 per cent to reach 1,604.86 points. DSEX Shariah Index (DSES) were down by 11.52 points or 1.52 per cent to stand at 996.30 points. The turnover value on the DSE stood at Tk 564 million when the report was filed at 11am. Of the issues traded till then, 37 advanced, 121 declined and 22 issues remain unchanged. Lafarge Surma Cement was the most traded stocks with shares worth Tk 92 million changing hands till then followed by Green Delta Insurance, BSRM Steels, Generation Next Fashion and GP. The port city bourse – CSE – also saw negative trend at opening with its Selective Category Index -- CSCX – losing 28.38 points to stand at 8,305.70 points, also at 11am. Of the issues traded till then, 12 gained, 27declined and 1 remained unchanged with a turnover value of Tk 18.98 million.