BSS, Dhaka :
Trading at Dhaka Stock Exchange (DSE) opened week on Sunday lower mainly because of slide in the prices of financial issues. Bank and telecom shares also suffered significant decline on the day.
DSEX, the broader price index of Dhaka Stock Exchange (DSE), dropped by 6.44 points to close at 4540.60 when the blue-chip DS30 and the Shariah DSES fell down to 1721.74 and 1060.15 respectively.
The fall in the indices was the result of the slide in share prices across the board. Out of traded 298 issues, 170 suffered loss when 93 gained and 35 remained static.
Financial sector was the worst losers among the lagging issues on profit-booking selling. The extent of loss to the leading five scrips was 6.5 percent to 9.5 percent.
Apparently, investors were not happy over the latest corporate disclosure of the non-banking financial issues and took a distance position from this sector. Some 14 listed mutual funds made corporate declaration last week.
The daily turnover increased due to rally in the blue-chips scrips from fuel, engineering, pharmaceuticals, shipping and miscellaneous sectors that drove the turnover value over Taka 700 crore mark.
The day’s trade value rose to Taka 738 crore from the last week’s close of Taka 600 when the volume increased to 16.25 crore shares from Thursday’s 13.39 crore.
Trading at DSE also ended in red last week after four-week of bull-run as investors opted to book some profits.
