Stocks wobble as investors await monetary policy declaration
As the monetary policy statement is all set to be declared on July 29, investors have been expecting an expansionary monetary policy to ensure increased private sector credit growth
Indices of the country's two main bourses displayed mixed performance for the first one-and-half-hour trading session on Monday as investors cautiousness for monetary policy declaration.
According to a brokerage firm review, markets displayed some volatility during the early session as investors kept on moving towards cautious positions with the current floor price system.
As the monetary policy statement is all set to be declared on July 29, investors have been expecting an expansionary monetary policy to ensure increased private sector credit growth to get the economy running in full swing again.
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DSEX, the prime index of the Dhaka Stock Exchange (DSE), slightly increased by 2.50 points – or 0.06 percent - to reach at 4,147 till 11.30am.
Moreover, the Shariah-based DSES index has lost 2.63 points to settle at 963 and the blue-chip index DS30 went down by 3 points to stand at 1,397.
Turnover on the Dhaka Stock Exchange (DSE) trading floor stood at Tk169.18 crore in the first session till 12:00 pm.
Out of the 328 issues traded during the same time frame, 115 company's share prices advanced, 53 declined, and 160 remained unchanged.
However in the corresponding period, the benchmark index CASPI at the Chittagong Stock Exchange (CSE) has declined 8.98 points to close at 11,787.
