Dhaka stocks end flat amid most scrips’ price fall

Staff Correspondent | Published: 22:58, Mar 15,2017

 
 

Dhaka stocks finished flat on Wednesday amid late-hour profit booking sales of banking sector shares following rise in the previous trading session.
The key index of Dhaka Stock Exchange rose marginally by 0.05 per cent or 3.05 points, to close at 5,684.31 points.
DSEX advanced to 5,708 points within first few minutes of the day’s trading but many of the investors went to profit booking sales of shares of banks and non-bank financial institutions dragging the index down.
By the midsession, 17 scrips out of 20 top turnover leaders were banks and NBFIs.
Market operators said that following gains of banking shares on Tuesday’s trading and first hour on Wednesday, some investors booked profit as the physiological barrier of 5,700-point DSEX started to make them watchful.
By the end of the day’s trading, 13 banks and NBFIs were in the top 20 turnover leaders.
Market operators said gains of some NBFIs and large capitalised scrips like Lafarage Surma and Mobil Jamuna helped the index to end in positive territory as most of the traded scrips declined.
Of the 328 companies and mutual funds traded, 167 declined, 126 advanced and 35 remained unchanged.
The DSE’s blue chip index, DSE30, advanced 0.37 per cent or 7.68 points to finish at 2051.33 points.
DSE’s Shariah Index, DSES, finished flat at 1,309.81 points, adding just 0.01 per cent or 0.15 points.
Turnover increased a bit to Tk 972.52 crore compared with that of Tk 964.79 crore in the previous trading session.
LankaBangla Finance dominated the turnover chart with shares worth nearly Tk 29.57 crore changing hands, closely followed.
Bangladesh Export Import Company, National Bank, Ratanpur Steel RE-Rolling Mills, Mercantile Bank, NCC Bank, Trust Bank, Quasem Drycells, Beximco Pharmaceuticals and Islami Bank were other turnover leaders.
Aramit Cement was the day’s best performer, posting a gain of 5.98 per cent, while Social Islami Bank was the worst loser, plunging by 8.36 per cent.
Premier Leasing and Finance Limited gained the most with a 22.20 per cent rise in its share prices, while Subordinated 25 per cent Convertible Bonds of BRAC Bank was the worst loser, shedding 8.42 per cent. 

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