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The Financial Express

Bourses slip at open as investors booking profits

| Updated: September 16, 2020 11:41:26


Bourses slip at open as investors booking profits

Stocks witnessed a downward trend in early trading on Tuesday as risk-averse investors opted for quick-profit on sector-wise large-cap issues after recent price surge.

Following the previous day’s flat ending, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened lower amid low trading activities.

Within the first 30 minutes of trading, the DSEX fell more than 16 points while the CSE All Share Price Index (CASPI) of the port city’s bourse lost 13 points at 10:30am when the report was filed.

DSEX, the prime index of the DSE, went down by 16.34 points or 0.32 per cent to reach 5,075 points at 10:30am.

The DS30 index, comprising blue chips, fell 0.72 points to reach at 1,755 and the Shariah Index (DSES) lost 3.59 points to reach 1,166 points till then.

Turnover, the other important indicator of the market, stood at Tk 1.55 billion when the report was filed at 10:30am which was Tk 2.08 billion in the previous day at 10:30am.

Of the issues traded till then, 97 advanced, 174 declined and 59 remained unchanged.

Express Insurance was the most traded stocks till then with shares worth Tk 73 million changing hands, closely followed by Asia Insurance, Monno Ceramic, Beximco and Beximco Pharma.

The port city bourse – the Chittagong Stock Exchange – (CSE) also saw a downward trend till then with CSE All Share Price Index- CASPI-losing 13 points to stand at 14,500, also at 10:30am.

The Selective Categories Index – CSCX also fell 4.0 points to reach 8,718 till then.

Of the issues traded till then, 39 gained, 58 declined, and 10 issues remained unchanged with Tk 33 million in turnover.

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