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Dhaka Tribune

DSEX slips to six-week low

Update : 31 Jan 2016, 07:10 PM

Stocks continued to fall for the eighth consecutive session yesterday with DSEX slipping to almost six-week low.

The benchmark index DSEX lost over 32 points or 0.8% to 4,540—its lowest since December 20 last year.

The Shariah index DSES was down 7npoints to 1,095. The blue chip comprising index DS30 shed 10 points to settle at 1,719.

The Chittagong Stock Exchange Selective Category Index CSCX ended at 8,511, shedding 55 points.

Depressed trading activities intensified as the DSE turnover came down below Tk400 crore.

Except food and allied and pharmaceuticals that gained 2.5% and 0.6% respectively, almost all the sectors suffered selling pressure.

Large cap non-banking financial institutions declined more than 2% followed by telecommunications 1.8%, engineering 1.6%, power 1.2% and banks 0.5%.

Stock prices of around 80% issues closed red as out of 326 scrips traded, 237 declined, 60 advanced and 29 remained unchanged.

IDLC Investments said as the listed companies began to disclose their quarterly earnings, investors started to reshuffle their portfolio holdings.

Accordingly, Fu-wang Ceramic was the biggest gainer rising 9.5%, as the company posted 175% year on year growth in its earning per share (EPS) during second quarter of this fiscal year.

The low cap IT sector went down 6.7%, as Aamra Technology and Agnai System posted 9.9% and 8.2% negative growth in their quarterly EPS.

Textile sector also closed in red though some companies were top gainers. They are Rahim Textile and Zahin Textile.

Square Pharmaceuticals—one of the country’s leading drug makers—was the most-traded share with a turnover worth Tk16.3 crore.

It was followed by All Textile, ITC, Saif Powertec, Emerald Oil Industries, RAK Ceramic, Orion Infusion, IFAD Autos and Tallu Spinning. 

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