Stocks witness flat

Stocks today witnessed a flat with a downward trend of major price indices at Dhaka and Chittagong Stock Exchanges due to price fall mainly in some large-cap securities.

DSEX, the key index of the Dhaka Stock Exchange, went down by 11.32 points or 0.16% to settle at 6,741, after gaining 2.47 points in the previous day. 

The DSE 30 Index, comprising blue chips, also dropped 3.83 points to finish at 2,462. 

However, the DSE Shariah Index (DSES) advanced 1.26 points to close at 1,458.

Turnover, the crucial indicator of the market, stood at Tk858 crore which was 3.5% higher than the previous day's tally of Tk829 crore.

Losers took a strong lead over the gainers as out of 378 issues traded, 219 declined, 117 advanced and 42 remained unchanged on the DSE trading floor.

Beximco continued to top the turnover list with its shares worth Tk92 crore changing hands, followed by Fortune Shoes (Tk67.1 crore), Orion Pharma (Taka 439 million), Premier Bank (Tk32.1 crore) and Fu Wang Food (Tk26 crore).

Bangladesh National Insurance Company was the top gainer, posting a 9.95% gain while ICB Islamic Bank was the day's worst loser, losing 6.12% following its corporate declarations.

The Chittagong Stock Exchange (CSE) also slipped into the red with the CSE All Share Price Index – CASPI losing 53 points to settle at 19,771 and the Selective Categories Index - CSCX - shedding 32 points to close at 11,861.

Of the issues traded, 178 declined, 78 advanced and 40 issues remained unchanged on the CSE trading floor.

The port city's bourse traded 9.11 million shares and mutual fund units with a turnover value worth over Tk26.6 crore.