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Poor trade pushes stocks down

WT24 Desk

Stock market closed flat on Monday amid lower participation as investors were cautious about making fresh investments, agencies report.  The daily trade value at the country’s premier bourses fell by nearly 5.0 percent to Taka 447.24 crore, but the volume rose by around 7.0 percent to 11.71 crore shares when some investors were booking engineering shares for obtaining midterm gains.

The lower activities resulted in volatility in the price indices while DSEX of DSE finished the second session of the week 1.18 points down at 4577.85. The Shariah DSES and blue-chip DS30 followed it by 2.06 points lower at 1116.97 and 3.35 points down at 1762.91 respectively.

Chittagong Stock Exchange (CSE) also closed the day down, with its major CASPI index closing over 28.44 points down at 14,052.33. Among the traded 324 issues at DSE, 130 closed lower against 112 gaining issues. At CSE, 123 issues lost when 81 finished the day higher.

Telecom and engineering were the day’s major gaining sectors when food and allied and textile sectors lost most. The top five gaining companies were Delta Life Insurance, Ambee
Pharmaceutical, Exim First Mutual Fund, Keya Cosmetic and SEML Lecture Equity Management Fund. The major losers included Central 8th HICB, BD Welding, Rahima Food, Dhaka Dyeing and Intech online.

Keya Cosmetics topped the turnover list followed BSRM Limited, MJL BD, National Tubes and SPCL.

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