Stocks closed flat yesterday as investors sold shares and mutual fund
units to bag profits amid the political chaos across the country.
DSEX, the benchmark general index of Dhaka Stock Exchange, rose 1.86 points or 0.04 percent, to close at 4,802.27.
DSES, the shariah index of DSE, fell 2.81 points or 0.25 percent, to finish at 1,113.70.
Market saw a zigzag movement and mixed performance, although profit-taking was still on the menu, said LankaBangla Securities.
Investors remained cautious over political and macroeconomic development, IDLC Investments said, adding that they preferred banking stocks upon expectation of favourable corporate declarations in the coming months.
Banks gained the most yesterday, rising 1.16 percent, followed by general insurance at 0.63 percent, pharmaceuticals 0.47 percent and tannery 0.42 percent. Cement shares lost 1.40 percent, followed by textiles 0.77 percent and information technology 2.10 percent.
Turnover, the most important indicator of the market, advanced 4.3 percent from the previous day to Tk 259 crore.
Of the 301 issues that traded on the DSE floor, 135 advanced, 144 declined and 31 remained unchanged.
A total of 0.74 lakh trades were executed, with 7.59 crore shares and mutual fund unit changing hands on the Dhaka bourse.
Shahjibazar Power Company was the most liquid stock of the day with its transaction of 9.56 lakh shares worth Tk 14.32 crore, followed by City Bank, Ifad Autos, Lafarge Surma Cement and MJL Bangladesh.
ICB AMCL Second Mutual Fund was the highest gainer of the day, rising 6.12 percent, while Shahjibazar Power Company was the biggest loser, shedding 9.95 percent of its value.
Chittagong Stock Exchange ended the day on a better note than the previous one, with its selective categories index, CSCX, gaining 24.10 points, to close at 8,929.95.
Losers beat gainers by 107 to 91, while 23 stocks remained unchanged. Some 7.22 lakh shares and mutual fund units were traded to log in a turnover of Tk 22 crore.
DSEX, the benchmark general index of Dhaka Stock Exchange, rose 1.86 points or 0.04 percent, to close at 4,802.27.
DSES, the shariah index of DSE, fell 2.81 points or 0.25 percent, to finish at 1,113.70.
Market saw a zigzag movement and mixed performance, although profit-taking was still on the menu, said LankaBangla Securities.
Investors remained cautious over political and macroeconomic development, IDLC Investments said, adding that they preferred banking stocks upon expectation of favourable corporate declarations in the coming months.
Banks gained the most yesterday, rising 1.16 percent, followed by general insurance at 0.63 percent, pharmaceuticals 0.47 percent and tannery 0.42 percent. Cement shares lost 1.40 percent, followed by textiles 0.77 percent and information technology 2.10 percent.
Turnover, the most important indicator of the market, advanced 4.3 percent from the previous day to Tk 259 crore.
A total of 0.74 lakh trades were executed, with 7.59 crore shares and mutual fund unit changing hands on the Dhaka bourse.
Shahjibazar Power Company was the most liquid stock of the day with its transaction of 9.56 lakh shares worth Tk 14.32 crore, followed by City Bank, Ifad Autos, Lafarge Surma Cement and MJL Bangladesh.
ICB AMCL Second Mutual Fund was the highest gainer of the day, rising 6.12 percent, while Shahjibazar Power Company was the biggest loser, shedding 9.95 percent of its value.
Chittagong Stock Exchange ended the day on a better note than the previous one, with its selective categories index, CSCX, gaining 24.10 points, to close at 8,929.95.
Losers beat gainers by 107 to 91, while 23 stocks remained unchanged. Some 7.22 lakh shares and mutual fund units were traded to log in a turnover of Tk 22 crore.
