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Stocks edge lower on profit booking

Update : 07 Jan 2016, 07:25 PM

Stocks slipped in red with volatility yesterday, as investors booked quick profits from previous two-session’s rally.

The market moved between negative and positive heavily, as intra-day volatility was nearly 30 points.  

The benchmark index DSEX was marginally down almost 4 points to 4,676.

The Shariah index DSES inched around 2 points down to 1,126.

The blue chip comprising index DS30 was down 4 points to 1,771.

The Chittagong Stock Exchange Selective Category Index CSCX shed 3 points to 8,685.

Profit booking took place mainly on food and allied, non-banking financial institutions, pharmaceuticals and telecommunications.

However, ceramics had a rally of 1%, followed by power 0.7% and banks 0.2%.

Trading activities also declined marginally as the DSE turnover stood at more than Tk643 crore, a slight drop of 2% over the previous session. Losers outpaced gainers as out of 321 issues traded, 128 advanced, 140 declined and 53 remained unchanged. 

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