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13 November, 2019 00:00 00 AM

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DSE witnesses mild correction

BSS, Dhaka

Country’s premier bourse, Dhaka Stock Exchange (DSE), witnessed mild correction yesterday after adding 103 points in the last four consecutive sessions amid profit booking sell off from the shaky investors.

The market started with upbeat note but observed volatility after half an hour as the risk-averse investors booked some quick gain.

Selling off shares from bank, financial institutions, food, textile, paper and engineering sectors pushed the prime index by 2.3 points down.

The broad index, DSEX closed at 4779.18 points on Tuesday with a loss of 2.28 points or 0.04 per cent.

Besides, the two selective indices, Blue Chip index, DSE30 went down slightly by 0.03 points while the Shariah index, DSES went up by 3.96 points to settle at 1664.31 points and 1094.71 points respectively.

On the DSE trading floor, a total number of 125,543 trades were executed in yesterday’s trading session with a trading volume of 132.93 million securities.

Trading activities increased by 32.3 per cent over the last session as the investors took position on lucrative price levels.

Most of the sectors witnessed correction yesterday. Among the major sectors based on market capitalization – bank (-0.5 per cent), financial institutions (-2.3 per cent), food (-1.4 per cent), textile (- 1.1 per cent) and engineering (-0.8 per cent) sectors witnessed price correction while fuel & power (1.4 per cent), telecom (0.2 per cent) and pharma (0.9 per cent) sectors achieved price appreciation, according to a market operator International Leasing Securities.

It added the investors’ activity was mostly centered on general insurance (16.7 per cent), engineering (15.4 per cent) and pharma (13.6 per cent) sectors.

National Tubes (3.2 per cent), Wata Chemical (3.0 per cent) and Sonarbangla Insurance (2.4 per cent) led the scrip-wise turnover board yesterday.

On the other hand, the port city bourse, Chittagong Stock Exchange (CSE) also closed in green maintaining the upbeat of the previous day.

CSCX and CASPI also went up by 7.9 points and 11.58 points to stand at 8829.62 points and 14531.97 points respectively.

At CSE, a total of 10,198,568 shares and mutual fund of 254 companies were traded. Of which, 91 issues advanced while 166 declined and 27 issues remained unchanged.

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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