Dhaka – Share price index at the country’s both bourses – Dhaka Stock Exchange (DSE) and Chittatgong Stock Exchange – ended the week in red as downturn continued for the second consecutive session on Thursday.Market insiders believe the bearish trend has been an outcome of the country’s worsening political situation following continued confrontation between the rival alliances over the ensuing general election.
Transportation and industrial production almost halted since the second round of a 131-hour blockade was enforced by the BNP-led opposition alliance beginning Saturday morning. Earlier, a similar 84-hour blockade was enforced last week in protest against the announcement of the election schedule without any political consensus.
Share price index at both Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) witnessed the downturn on Wednesday and Thursday. Earlier, both the bourses gained in two successive sessions on Monday-Tuesday following losses in four consecutive sessions till Sunday.
On Thursday morning, trading at both the bourses began on a negative note. After ups and down, it ended the day in red amid the news of increasing political clashes across the country.
On the last day of the trading week, prices of a large number of the issues decreased in both the bourses. The volume of trade in terms of value and number was lower at both DSE and CSE on the day than on Wednesday.
The DSE benchmark index, DSEX lost 16.83 points or 0.39 percent to reach 4277.39 at the close of the trading today (Thursday). Of the 284 issues traded, 125 gained, 127 declined and 32 remained unchanged.
Most of the traded issues of the day included those from insurance, Ceramics, Cement and Steel sectors.
Shares worth Tk 441.70 crore changed hands at the DSE on the day against Tk 463.70 crore on Wednesday.
The day’s top 10 losers at the DSE were Jamuna Oil, Aramit, Prime Life, People Insurance, Fu-Wang Ceramic, Fine Foods, GPH Ispat, Premier Cement, Far East Life, and Continental Insurance.
The CSE key index, CSCX gained 45.66 points to reach 8372.66 at the close today. Of the 220 issues traded, 65 advanced, 140 suffered loss and 15 remained unchanged. The value of the traded issues was Tk 50.56 crore on the day against Tk 58.89 crore on Wednesday. – UNB
