DSE turnover tops Tk 10b

The turnover of Dhaka Stock Exchange (DSE) crossed Tk 10 billion on Tuesday as Tk 2 billion worth of shares from pharmaceutical and chemical companies changed hands.

Despite the surge, the benchmark index and overall market capitalisation fell, reports bdnews24.com.

The DSE's market cap dropped by Tk 49.88 billion compared to the previous day, settling at Tk 7.11 trillion, down from Tk 7.16 trillion. The fall came after four straight days of gains totalling Tk 77.05 billion.

Trading began with an upward trend, but by 11am the index had slipped 13 points to 5,406. Buying interest lifted it again to 5,434 around 12:45pm, adding 26 points from the previous day.

However, late selling pressure erased those gains and the DSE closed 9 points lower at 5,410, against Monday's 5,419.

Turnover stood at Tk 10.37 billion, up from Tk 9.76 billion the previous day, and above the Tk 10 billion mark for the first time since August 3, when turnover had hit Tk 11.37 billion and Tk 10.63 billion on consecutive days.

Of the 400 companies traded, prices rose for 164, fell for 164, and 72 others remained unchanged.