Stocks witness worst week

Staff Correspondent

23 October, 2020 12:00 AM printer

Stocks witness worst week

Stocks fell on Thursday as the risk-averse investors went on heavy sell-offs on major sectors, fearing fall of stock prices.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 2.81 points or 0.06 per cent to settle at 4,914 points.

The DS30 index, comprising blue chips, lost 2.63 points or 0.16 percent to finish at 1,692 and the DSE Shariah Index fell 2.58 points or 0.23 percent to close at 1,114.

Turnover stood at Tk 10.29 billion, which was higher than the previous session’s turnover of Tk 8.55 billion.

Out of 352 issues traded, 192 ended lower, 106 closed higher while 54 issues remained unchanged on the DSE trading floor.

A total number of 202,300 trades were executed in the day’s trading session with a trading volume of 346.19 million shares and mutual fund units.

The insurance sector dominated the turnover chart with Global Insurance Company topped the turnover list with shares worth Tk 372.87 million changing hands, closely followed by Republic Insurance Company, Paramount Textile, Sandhani Life Insurance Company, Purabi Gen. Insurance Company and Continental Insurance.

Global Insurance Company was the day’s best performer, posting a gain of 25.06 per cent while Jute Spinners was the worst loser, losing 8.59 per cent.

The Chittagong Stock Exchange also ended lower with its All Shares Price Index (CASPI)—losing 4.58 points to close at 14,029 while the Selective Categories Index – CSCX shedding 3.07 points to close at 8,432.

Of the issues traded, 133 declined, 94 advanced and 36 remained unchanged on the CSE.

The port city bourse traded 11.55 million shares and mutual fund units with turnover value of more than Tk 255 million.