Mild profit booking takes place on stocks

Investors went for quick profit booking mainly on large issues while some took position on law cap issues, pushing the share trade higher. The benchmark index of Dhaka Stock Exchange DSEX lost over 30 points or 0.7% to end the week at 4,554. The DS30 index, comprising blue chips, was down 17 points or 1% to 1,748. The DSE Shariah Index lost 14 points or 1.3% to 1,107. The Chittagong Stock Exchange Selective Category Index CSCX declined 62 points or 0.8% to 8,521.28. The stock market had to shorten trading session in the past week to four from five due to public holiday on Thursday. Amid shortened trading week, the week’s daily average turnover stood at Tk500 crore, an increase of nearly 13% higher over the previous week. Block trade, led by Olympic Industries, IDLC Finance, Brac Bank, Renata, Berger Paints, IFIC Bank, Heidelberg Cement and Bata Shoe, contributed over 3% to the week’s total turnover.