Dhaka stocks finished flat on Monday after a two-day fall. The key index of Dhaka Stock Exchange, DSEX, closed at 4,554.97 points, adding 0.11 per cent or 5.45 points.
Turnover at the bourse increased slightly to Tk 501.46 crore on Monday from Tk 494.06 crore in the previous trading session. The market started positive on Monday to reach at 4,581.91 points within the first two hours of trading, market operators said.
But the market finished flat due to share sell-offs in late trading, they said.
Investors, however, focused on multinational companies’ shares on the day, operators said.
DS30, the blue-chip index of the DSE, increased by 0.51 per cent, or 8.85 points, to finish at 1,722.68 points.
The Shariah index of the bourse, DSES, closed at 1,064.91 points, increasing by 0.71 per cent or 7.54 points.
Of the 288 shares and mutual funds traded on the day, 129 advanced, 122 declined and 37 remained unchanged.
‘After the previous day’s mild correction amid low turnover, market closed in positive while turnover remained mute,’ IDLC Investments said in its daily market commentary.
‘Except for the debutant Tung Hai Knitting and Dyeing, the turnover was mostly dominated by large capitalised stocks, where seven out of top ten stocks were heavyweight scrips,’ it said.
Grameenphone led the turnover leaders with its shares worth Tk 35.02 crore changing hands.
Tung Hai Knitting and Dyeing on its debut on the day became the second best turnover leader. The share price of the company witnessed a 180-per cent increase on its debut.
BEXIMCO, Summit Power, Beximco Pharma, MJL Bangladesh, Lafarge Surma Cement, ACI, Golden Son and Agni Systems were among the other turnover leaders.
FAR Chemical Industries was the worst loser of the day with an 8.72-per cent decrease in its share price.
-With New Age input
