Stock witness flat on lower transactions

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DHAKA, Feb 19, 2019 (BSS) – Stock markets witnessed flat on Tuesday when daily transactions declined on lower demand of large cap securities.

The day’s trade value at the DSE declined to Taka 611.76 crore from Monday’s Taka 891.67 crore and the daily trade fell to 12.93 crore shares from 20.81 crore shares of the previous session.

The broader DSEX index of Dhaka Stock Exchange (DSE) closed the day with 11.40 points up at 5,735.92. The blue-chip DS30 and the Shariah DSES also followed the same trend with 7.61 points up at 1,995 and with 2.85 points up at 1,307.56.

“Index showed a fluctuating trend throughout the day. Index started with an upward trend but reversed its trend soon. The index then rebounded and fell again in the third hour of the session. The index rebounded again in the last hour of the session,” said Lanka Bangla Securities Limited.

At the DSE, prices of 124 securities out of the day’s 345 closed higher against 124 losing issues.

The major gaining issues were AIL, Rupali Life Insurance, JMISMDL, MERCINS and Dutch Bangla. The major losing issues were Dulamia Cotton, Samata Leather, Sonar Bangla Insurance, S Alam Cold Storage and Agrani Insurance.

UPGDCL topped the turnover list followed by BSCCL, GP, Square Pharma and Fortune. The Chittagong Stock Exchange (CSE) closed the day of the week with upward trend with its major CASPI 26.45 points up at 17,568.05.

At CSE, 261 issues were traded. Of those, 77 closed higher and 142 closed lower when 66.10 lakh shares worth Taka 21.85 crore changed hands.