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DSE, CSE end mostly lower

Business Desk | banglanews24.com
Update: 2019-06-24 5:06:44 PM
DSE, CSE end mostly lower

DHAKA: Stocks ended lower on the bourses Monday (June 24), the second trading session of the week, with turnover increased from the previous session.

Turnover at the Dhaka Stock Exchange, the main bourse of the country, has reached at Tk 3781.53 million today, marking a significant increase from previous session’s Tk 3382.01 million on Sunday.

DSEX, the key index of the Dhaka Stock Exchange (DSE), went down by 4.74 points or 0.08 per cent to close at 5,379.

The two other indices also edged lower as risk-averse investors booked profits on sector specific stocks.

The DSE Shariah Index (DSES) also declined 1.38 points or 0.11 per cent to close at 1,230.

The DS30 comprising blue chips shed over 2.89 points or 0.15per cent to close at 1,893.82 points.

Of the issues traded on the DSE, 155 advanced, 156 declined and 41 remained unchanged.

“Lack of confidence arose among investors concerning the tax review issue on excess reserve and also on stock dividend of listed company. Investors’ watchful stance has pulled down the index to the red zone as selling pressures has been spurred on sector specific stocks,” said EBL securities, in its daily analysis. 

United Power Generation and Distribution Company Ltd was the most traded stocks with shares worth Tk 159.07 million changing hands followed by JMI Syringes & medical Services and Bangladesh Shipping Corporation. 

Top five gainers at DSE were SEMLFBSLGF, 1STPRIMFMF, PF1STMF, EBLNRBMF and PHPMF1 top five losers at DSE were PLFSL, RNSPIN, EASTERNINS, MEGCONMILK and UNITEDAIR.

The Chittagong Stock Exchange (CSE) also closed lower with the Selective Categories Index of the CSE lost 38.22 points to close at 16,470.97 points.

Of the 269 issues traded on the DSE, 106 advanced, 118 declined and 45 remained unchanged on the port city bourse that traded 25.20 million share and mutual fund units, generating turnover of Tk 792.80 million.

BDST: 1702 HRS, JUNE 24, 2019
RS/SMS

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