Dhaka stocks’ turnover drops 37%

The turnover of the Dhaka Stock Exchange (DSE) dropped around 37 per cent today, but the prime index rose after experiencing a fall a day ago.

The DSEX, the benchmark index of the DSE, rose 7 points, or 0.11 per cent, to 6,265.

The DS30, the blue-chip index, lost 0.08 per cent to 2,208 while the DSES, the index that represents shariah-based companies, increased by 0.02 per cent to 1,367.

Turnover, an important indicator of the market, plummeted 37 per cent to Tk 590 crore. It was Tk 934 crore on the previous trading day.

Among the traded companies, 76 advanced, 100 declined and 184 remained unchanged.

IT Consultants posted the highest appreciation, rising 10 per cent while Dhaka Insurance surged 9.93 per cent. Union Insurance advanced 9.33 per cent. Gemini Sea Foods and City General Insurance gained more than 8 per cent each.

Islami Bank suffered the sharpest fall, sliding 2.63 per cent. Bangladesh Shipping Corporation dropped 1.83 per cent. Malek Spinning Mills and Hwa Well Textiles also fell more than 1.70 per cent each.

Genex Infosys was the most-traded stock on the day with its shares worth Tk 49 crore changing hands. Aamra Networks, Bashundhara Paper Mills, Bangladesh Shipping Corporation, and IT Consultants also saw significant transactions.

The Caspi, the all-share price index of the Chittagong Stock Exchange, edged down 8 points, or 0.04 per cent, to end the day at 18,476.

Of the securities, 46 advanced, 61 declined, and 89 did not show any price movement.

Turnover at the CSE dropped 36 per cent to Tk 11.44 crore. It was Tk 17.90 crore in the previous session.