Welcome to Business Outlook
Related Articles
Stocks opened the week with a mixed trend on Sunday as investors traded cautiously amid a lack of clear direction of the market.
Following the previous week’s modest correction, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 1.46 points or 0.02 per cent to stand at 6,757, after the first hour of trading at 11:00am.
Two other indices also saw a negative trend till then with the DS30 index, comprising blue chips, losing 2.66 points to reach 2,464 and the Shariah Index (DSES) fell 0.18 points to stand at 1,456.
Turnover, another important indicator of the market, stood at Tk 1.965 billion at 11:00am.
Market insiders said investors remained cautious due to the ongoing Russia-Ukraine conflict and escalated inflationary pressure.
Global price instabilities due to the ongoing Russia-Ukraine conflict remained a major concern over the future macroeconomic scenario of Bangladesh, said a merchant banker.
Of the issues traded till then, 165 advanced, 109 declined, and 80 issues remained unchanged on the DSE trading floor till then.
Beximco was the most traded stock till then with shares worth Tk 275 million changing hands, closely followed by Orion Pharma, Fortune Shoes, Aamra Technologies and BDCOM Online.
However, the Chittagong Stock Exchange opened marginally higher with its All Shares Price Index (CASPI)—gaining 14 to stand at 19,838, while the Selective Categories Index – CSCX rose 9.0 points to reach 11,902 at 10:30am.
Of the issues traded till then, 49 advanced, 48 declined, and 19 remained unchanged with Tk 32 million in turnover.
(FE)
