Stocks remain mixed amid choppy trading

The Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) continued their volatile movement after two hours of trading on Thursday, the last session of the week. Market insiders said that the investors followed cautious stance just ahead of budget announcement. The Finance Minister AMA Muhith is going to place national budget for the fiscal year 2015-16 today at 3:00pm. After first two hours of day’s trading, DSEX, the prime index of the DSE, stands at 4,585.73 points, shedding 1.11 points or 0.02 per cent, when the report was filed at 12:30pm. However, the DS30 index, comprising blue chips rose 5.55 points or 0.32 per cent to 1,763.44. The DSE Shariah Index (DSES) advanced 3.80 points or 0.34 per cent to stand at 1,117.17 points. DSE turnover stood at Tk2.23 billion after two hours trading when the report was filed. Of the issues traded till then, 105 advanced, 132 declined and 45 remained unchanged. Summit Power was remained the most traded stocks with shares worth Tk257 million changing hands till then followed by KPCL, FAR Chemicals, Shasha Denim and Lafarge Surma Cement. The port city bourse – CSE— saw positive trend with its Selective Category Index -- CSCX – gaining 3.07 points to stand at 8,606 points, also at 12:30pm. Of the issues traded till then, 70 gained, 81 declined and 22 remained unchanged with a turnover value of Tk204 million.