Dhaka stocks end lower amid profit booking

Staff Correspondent | Published: 22:39, Mar 19,2017

 
 

Dhaka stocks inched down on Sunday, the first trading session of the week, after a three-day rise as investors went for selling shares, especially energy scirps, in late trading to book some profit.
DSEX, the prime index of Dhaka Stock Exchange, finished at 5,695.45 points, losing 0.10 per cent or 5.82 points.
Stockbrokers said although the market was on the positive trajectory during the first three and a half hours of trading, it failed to sustain the vibe due to some profit-booking share selling during the last half an hour of trading.
A surge in share prices in the previous three trading sessions might have prompted investors to take some profit, they said.
The DSEX had increased by 50 points in the previous three trading sessions with bank and energy shares leading the way.
On the sectoral front, energy scrips, among the large capitalised sectors, faced the most profit-booking share sales during the session, dragging down average prices of the sector by 0.90 per cent.
On the other hand, the pharmaceutical sector managed to attract investors, resulting in a 0.33-per cent rise on an average.
Turnover at the bourse also rose by 14.52 per cent to Tk 1,103.75 crore compared with that of Tk 964.06 crore in the previous trading session.
Out of the 330 companies and mutual funds traded, 133 advanced, 164 declined and 33 remained unchanged.
The blue-chip index of the bourse, DS30, gained 6.68 points, or 0.32 per cent, to close at 2,066.31 points.
The Shariah index, DSES, slipped by 3.26 points, or 0.24 per cent, to finish at 1,307.81 points.
LankaBangla Finance led the turnover chart with its shares worth Tk 37.14 crore changing hands.
Beximco Pharmaceuticals, Ratanpur Steel Re-Rolling Mills, National Bank, City Bank, Bangladesh Building Systems, Bangladesh Export Import Company, ACI Formulations, IFIC Bank and Islamic Finance and Investment were the others turnover leaders.
ICB AMCL First NRB Mutual Fund was the day’s best performer, posting a 9.63 per cent gain in its last trading session before redemption, while Mercantile Bank was the worst loser, slumping by 13.19 per cent following its price adjustment after record date.

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