Stocks down at open amid slipping turnover

Equity indices of the stock exchanges witnessed a downward trend in the first one-and-half-hour trading session on Tuesday amid descending turnover due to quick-profit booking on sector-wise stocks with return potential.

According to a DSE official, trading was interrupted as a result of some technical glitch that occurred on the website today, causing the turnover to slip.

DSEX, the prime index of the Dhaka Stock Exchange (DSE) lost 8.68 points – or 0.17 percent - to reach at 5,083 till 11:30am.

However, the Shariah-based DSES index went down by 1.88 points to settle at 1,168, while the blue-chip index DS30 rose by 3.71 points to stand at 1,759.

Turnover, an important indicator of the market, dropped by 36 percent to Tk321.92 crore in the corresponding period.

Out of the 350 issues traded during the same time frame, 128 company's share prices advanced, 156 declined, and 66 remained unchanged.

Western Marine Shipyard Limited was the most traded stock till the filing of this report with shares worth Tk117 million, closely followed by Asia Insurance Limited, Beximco Pharmaceuticals Limited, Express Insurance Limited, Bangladesh Export Import Company Limited and Provati Insurance Company Limited

Meanwhile, the benchmark index CASPI at the Chittagong Stock Exchange (CSE) decreased 31.52 points to close at 14,482.

Of the total 184 issues traded till 11.30 am, 65 gained, 93 declined, and 26 issues remained unchanged with Tk77 million in turnover.