The Financial Express

DSE, CSE clawback amid political worries

| Updated: December 04, 2018 12:42:53

Evaly and Fianancial Express Evaly and Fianancial Express
Stocks clawback amid political worries

Stocks rebounded amid the political tensions on Monday after volatile trading as investors were mostly followed cautious stance.

Dealers said a section of investors closely eyeing on the political front as election nears while some were busy with rebalancing their portfolio, taking the market in the almost flat territory.

After witnessing volatility throughout the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,279, advancing 3.01 points or 0.05 per cent over the previous day.

The DS30 index, comprising blue chips, also advanced 2.27 points to finish at 1,857. The DSE Shariah Index gained 3.16 points to close at 1,224.

Turnover, another important indicator of the market, however, rose to Tk 6.15 billion, which was 8.0 per cent higher than the previous day’s Tk 5.69 billion.

A total number of 139,611 trades were executed in the day’s trading session with trading volume of 135.32 million securities.

The market capitalisation of the DSE stood at Tk 3,828 billion on the day which was Tk 3,816 billion in the previous day.

The losers took a modest lead over the gainers as out of 332 issues traded, 140 advanced, 128 declined and 64 issues remained unchanged on the DSE trading floor.

Saiham Textile topped the DSE turnover chart with 7.02 million shares worth Tk 428 million changing hands.

The other turnover leaders were Shepherd Industries worth Tk 257 million, United Power Tk 193 million, Brac Bank Tk 190 million and Intech Tk 180 million.

Desh Garment was also the day’s best performer, posting a gain of 10 per cent while Aman Feed Mills was the worst loser, losing 12.68 per cent following its price adjustment after record date.

However, the port city bourse CSE ended slightly lower with its CSE All Share Price Index – CASPI –losing 7.32 points to settle at 16,178 and the Selective Categories Index - CSCX –shedding 2.0 points to finish at 9,810.

The losers beat gainers as 111 issues closed lower, 100 ended higher and 30 remained unchanged on the CSE.

The port city bourse traded 9.07 million shares and mutual fund units worth more than Tk 305 million in turnover.

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