Stocks continue downbeat

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Economic Reporter :
Country’s both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) continued downbeat maintaining the trend of previous three sessions’ correction as risk-averse investors rushed to book quick profit on sector-wise issues.
At DSE, the broad index, DSEX settled at 4970.10 points on Tuesday with a loss of 42.01 points or 0.83 percent.
Besides, two selective indices, Blue Chip index, DSE30 and Shariah index, DSES also went down by 12.61 points and 11.37 points to settle at 1714.34 points and 1126.73 points respectively.
On the DSE trading floor, a total number of 164,977 trades were executed in on Tuesday’s trading session with a trading volume of 301.17 million securities.
On the other hand, DSE’s turnover, a crucial indicator of the market, stood at Taka 7.29 billion from Taka 9.77 billion in the previous session.
Losers took lead over gainers as out of 356 issues traded, 75 securities gained price while 252 declined and 29 remained unchanged.
The market-cap of DSE decreased to Taka 3,769 billion which was Taka 3,795 billion in the previous session.
The top 10 gainers were Nitol Insurance, Global Insurance, Paramount Insurance, Salvo Chemical, Federal Insurance, First Bangladesh Fixed Income Fund, Fine Foods, Continental Insurance, Provati Insurance and BD Thai Aluminium.
Beximco Pharma topped the turnover chart followed by Brac Bank, Square Pharma, Beximco Limited, Rupali Life Insurance, Singer BD, Nitol Insurance, First Bangladesh Fixed Income Fund, Purabi General Life Insurance and BD Finance.
The top ten losers were BD Welding, Golden Son, CNA Tex, Familytex, Zahintex, Tallu Spinning, G Q Ball Pen, BIFC, Keya Cosmetic and RN Spinning.
On the other hand, port city bourse, Chittagong Stock Exchange (CSE) also closed trade in red extending the losing streak of previous sessions.

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