POST TIME: 21 November, 2019 00:00 00 AM
Stocks register sharp downbeat
BSS, Dhaka

Stocks register sharp downbeat

Country’s premier bourse, Dhaka Stock Exchange (DSE) registered a sharp downbeat after witnessing volatility over the last three sessions as the investors were closely eyeing on the sector specific stocks ahead of the year-end dividend adjustment.

In line with the previous session, the market opened with a positive note and added 10 points within the half an hour, but the shaky investors’ selling spree wiped out the early gains later.

In addition, the risk-averse investors’ profit booking sell off in bank, financial institutions, food, pharma and engineering sectors stocks pushed the prime index down by 30 points.

The broad index, DSEX closed at 4691.93 points on yesterday with a sharp fall of 30.43 points.

Trading activities in the day increased by 6.7 per cent over last session as the investors took position on lucrative price levels.

Besides, the two selective indices, Blue Chip index, DSE30 and the Shariah index, DSES also went down by 15.91 points and 10.94 points to settle at 1645.30 points and 1075.44 points respectively.

The top ten traded stocks captured around 31.2 per cent of the day’s total turnover where GP led the list with 5.3 per cent gain.

On the DSE trading floor, a total number of 117,726 trades were executed in yesterday’s trading session with a trading volume of 122.03 million securities.

On the other hand, the port city bourse, Chittagong Stock Exchange (CSE) also closed at red maintaining the bearish streak of the previous day.

CSCX and CASPI went down by 46.17 points and 71.37 points to stand at 8670.08 points and 14263 points respectively.