Dhaka stocks end lower amid volatile trading

Dhaka bonds edged reduce among flighty trade upon Sunday in a event of resisting happening as blue chips rose neatly notwithstanding tumble by some-more than 80 per cent of a shares.


The marketplace non-stop a week upon a certain note as a DSE General Index (DGEN) gained 37 points in a opening hour, yet swung in in in in in in in between certain as well as disastrous territories multiform times prior to shutting somewhat down.

The DGEN – a marketplace barometer — accomplished during 8096.14 with a small detriment of 11.97 points or 0.15 per cent, with 196 issues out of 244 traded upon a day finale in a red, 46 in a black as well as dual superfluous unchanged.

The broader All Shares Price Index (DSI) strew 0.17 per cent or 11.65 points to 6716.99.

However, a DSE-20 Index comprising blue chips was neatly up by 3.29 per cent or 163.13 points to 5124.57, driven by vital comebacks by a promissory note stocks.

“The marketplace was flighty since a traders could not take organisation decision. Many have been still watching a marketplace as well as they might be watchful a couple of some-more weeks,” pronounced Professor Abu Ahmed, who teaches economics in Dhaka University.

“The marketplace will not strike a flighty incident entirely for a little time as well as this joyless incident might go upon dual to 3 some-more weeks. Besides, most investors have been not peaceful to come in a marketplace with uninformed fund,” Ahmed said.

Akter H Sannamat, handling senior manager of a Prime Finance as well as Investment Ltd pronounced banks soared in expectation which most of a country’s monetary institutions had a fender year in 2010.

“Banking bonds rose as investors rushed to take a upon all sides in a market’s most appropriate behaving sector, awaiting improved division announcements together with batch division as well as full of health year-end corporate declarations,” Sannamat told a FE.

Banking issues, which have up a single third of a DSE marketplace capitalisation, returned to gaining streak, adding 3.72 per cent upon a day after they fell upon distinction receiving a prior session.

Among a thirty listed banks in a DSE, twenty-nine have gained, with usually a single in a red. The state-owned Rupali Bank mislaid Tk 116.25 per share upon a day compared to a prior session.

Except promissory note sector, share prices of all a sectors slipped en-masse upon a day.

Grameenphone, a most weighted share in a DSE, declined for a third true session, losing 5.34 per cent upon a day.

Among a important losers, fuel as well as energy plunged 3.55 per cent, non-banking monetary institutions 2.33 per cent as well as curative 1.71 per cent. Tannery as well as concrete zone mislaid 2.34 as well as 1.56 per cent respectively.

Turnover stood during Tk 15.25 billion, up from Tk 13.44 billion upon Thursday. National Bank Limited, a initial era in isolation bank, surfaced a turnover list with shares value Tk 1.15 billion becoming different hands.

The alternative turnover leaders were Titas Gas, Prime Bank, Southeast Bank, Islami Bank, One Bank, Beximco Limited, Grameenphone, AB Bank as well as Pubali Bank.

All a tip 10 gainers came from a promissory note sector. Islami Bank, a country’s largest in isolation bank, was a top gainer posting a climb of 9.08 per cent.

It was followed by National Bank Ltd, Southeast Bank, Prime Bank, Pubali Bank, Mutual Trust Bank, Dhaka Bank, Dutch Bangla Bank, One Bank as well as Shahjalal Bank.

The day’s distinguished losers were Dulamia Cotton, HR Textile, Tallu Spinning, Agni Systems Ltd, Quasem Drycell, Golden Son, Eastern Housing Ltd, BSC, AIMS First Mutual Funds as well as Savar Refractories.

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