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Stocks close flat on lower trade

WT24 Desk
Key share price indices at the country’s twin bourses — Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – gained on Sunday, the first trading day of the week.  The lower activities brought down the daily transaction while most of the traded securities closed in red.Despite earlier gains on Sunday, the broader index of Dhaka Stock Exchange (DSE) started losing steam from mid-day and finished flat.The DSEX closed the session 11.23 points up at 4830.68.  The blue-chip DS30 index also managed to hold onto some gains, finishing around 2.67 points higher, while the Shariah DSES ended marginally lower at 1185.89.

Last week Dhaka stocks ended upward after a three-week fall. Selective heavy-weighted stocks made significant move during the week when investors remained mostly focused on engineering, pharma and power sectors.  The week began with lower activities as festival and holiday mood started to capture the investors’ sentiment. As a result, the daily trade volume fell to 10 crore shares and the value below Taka 500 crore to Taka 418 crore.

 Of the 316 issues traded, 133 gained, 145 declined and 38 remained unchanged.   Shares worth Tk 418.02 crore changed hands at the DSE on Sunday as against Tk 514.43 crore on Thursday.   The day’s top 10 gainers at the DSE were Power Grid Company of Bangladesh, Zahintex Industries, Aramit Cement, IFIC Bank, Mozaffar Hossain Spinning Mills, Islamic Finance & Investment, Reliance Insurance, AMCL (Pran), Asia Insurance, and Agrani Insurance.

The top five turnover leaders at the DSE were Ifad Autos, Islami Bank, BSRM Steels, Beximco Pharma and United Power Generation & Distribution.   Top five losers at the premier bourse were Saiham Cotton Mills, Modern Dyeing & Screen Printing, NLI First Mutual Fund, Monno Ceramic and AIMS 1st Mutual Fund.  The CSE key index, CASPI gained 35.18 points to reach 14800.87 at close on Sunday. Of the 243 issues traded, 111 advanced, 105 suffered loss and 27 remained unchanged.

The value of the traded issues at the CSE was Tk 39.47 crore on the day, agencies report.

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