Stocks drop to 4-month low

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Most stocks in Dhaka fell today, sending the key index to a four-month low.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), lost 72 points, or 1.08 per cent, to close the day at 6,629.

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This was the lowest level in more than four months. On August 11, the index was 6,623.

On the DSE, 47 stocks advanced, 300 declined and 31 remained the same.

Bangladesh Shipping Corporation topped the gainers’ list as it rose 12.3 per cent followed by Western Marine Shipyard, Daffodil Computers, Zeal Bangla Sugar Mills, and Atlas Bangla.

Sonali Paper was the most traded stock with its shares worth Tk 153 crore changing hands, followed by Beximco Ltd, Asia Insurance, Bangladesh Shipping Corporation, and Eastern Insurance.

Eastern Lubricants shed the most dropping 15 per cent, followed by Fu-Wang Foods, Appollo Ispat, Stylecraft, and Libra Infusion.

Turnover on the DSE, however, rose 10 per cent to Tk 885 crore.

The Chittagong Stock Exchange (CSE) also fell. The CASPI, the main index of the port city bourse, edged down 261 points, or 1.33 per cent, to 19,268.

Among 297 traded stocks, 48 rose, 232 fell, and 17 was unchanged.

Author: desi123 is an online news portal that aims to provide the latest trendy news for Asians living in Asia and around the World.

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