Stocks close lower

Tue May 16, 2023 12:00 AM
Last update on: Tue May 16, 2023 05:12 AM

Indices of the Dhaka and Chattogram bourses fell yesterday.

The DSEX, the benchmark index of Dhaka Stock Exchange (DSE), edged down 3 points, or 0.05 per cent, from that on the day before to close at 6,260.

The DS30, the blue-chip index, dipped 0.2 per cent to 2,185 while the DSES, the Shariah-compliant index, went down 0.2 per cent to 1,366.

However, turnover, a key indicator of the market, rose 2.6 per cent to Tk 653 crore.

Of the securities, 70 advanced, 84 declined and 190 did not show any price movement.

Meghna Insurance Company Ltd made the highest gain of 10 per cent.

Trust Islami Life Insurance Limited, Crystal Insurance Company Limited, Paramount Insurance Company Ltd and Continental Insurance Limited were among the top gainers.

Gemini Sea Food Ltd lost the most, 7.4 per cent.

Midland Bank Ltd, Jute Spinners Limited, Sonali Aansh Industries Limited and Eastern Cables Ltd were also on the list of those suffering significant losses.

Gemini Sea Food ltd was the most-traded stock on the day with issues worth Tk 29 crore changing hands.

The Sea Pearl Beach Resort & Spa, Bangladesh Shipping Corporation, CVO Petrochemical Refinery limited and Rupali Life Insurance Company Limited registered significant turnovers as well.

The Caspi, the all-share price index of Chittagong Stock Exchange, lost 30 points, or 0.16 per cent, to close at 18,435.

Of the issues, 46 rose, 71 retreated and 81 did not see any price swing. However, turnover of the port city bourse rose 32 per cent to Tk 8 crore.