Stocks end lower

Stocks ended lower Sunday after previous session’s flat movement as cash-hungry investors sold shares ahead of Eid festival. Only four trading sessions are left ahead of Eid vacation. DSEX, the prime index of the Dhaka Stock Exchange (DSEX) went down by 17.95 points or 0.40 per cent to close at 4,374.19 points. The other two indices also closed in red. The DS30, comprising blue chips lost 11.73 points or 0.73 per cent to close at 1,591.20 points. The DSES declined 14.60 points or 1.46 per cent to close at 984.26 points.DSE turnover stood at Tk 2.63 billion which was 3.95 per cent higher compared to previous session’s value of Tk 2.53 billion. The gainers took a lead over the losers as out of 292 issues traded, 143 advanced, 116 declined and 33 remained unchanged on the DSE floor. Beximco Limited was the most traded stock for the sixth trading sessions with shares worth Tk 305.98 million changing hands followed by Square Pharma, Shahjibazar Power, GP and Olympic. Shahjibazar Power was the day’s highest gainer, posting a rise of 15.40 per cent while Square Pharma was the day’s worst loser, slumping by 8.01 per cent despite the company declared 45 per cent dividend. The port city bourse, Chittagong Stock Exchange (CSE) also ended lower with its Selective Categories Index – CSCX – lost 35.30 points to close at 8,291.68 points. Gainers beat losers 88 to 85, with 21 issues remaining unchanged at the port city bourse that traded 6.51 million shares and mutual fund units with turnover value of Tk 221.48 million.