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Dhaka stocks edge up, Ctg still in decline
Trading at the Dhaka Stock Exchange (DSE) began on a positive note on Thursday, the week's final working day, with the key index advancing, while the Chattogram bourse continued its recent downward trend, remaining in negative territory.
During the first two hours of trading, the DSEX, the benchmark index of the DSE, rose by 8 points.
The Shariah-based index (DSES) posted a marginal gain, while the blue-chip index (DS30) advanced by 2 points.
Despite the index ticking upwards, overall turnover remained sluggish due to the recent bearish spell. Whereas turnover would often surpass Tk 200 crore during the first half in previous sessions, it stood below Tk 150 crore on this day.
The share prices of most participating companies increased. A total of 161 companies saw their share prices rise, while 132 declined and 96 remained unchanged.
Meanwhile, the Chattogram Stock Exchange (CSE) could not shake off its ongoing slump. In the first half of the session, the CSE’s overall index dropped by 73 points.
A majority of the stocks traded on the CSE saw a decline.
Out of the traded issues, 66 companies experienced a fall in share price, 33 recorded gains and 24 remained unchanged.
The turnover at the CSE during the first two hours reached Tk 2.3 crore, reports UNB.