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Tuesday, October 21, 2008

Dhaka stocks slip for fourth day

Dhaka stocks fell for a fourth day with investors remaining cautious following a three-day slump.
All the key indices of Dhaka Stock Exchange edged down in choppy trade. The benchmark DSE General Index dropped 24.9 points, or 0.86 percent, to 2856.8 points. The DSE All Share Price Index also shed 22.21 points, or 0.93 percent, to 2362.61 points.
The investors found themselves in cautious trade yesterday in chasing securities with higher prices, market operators said.
The investors' cautiousness was also reflected in the bourse's total turnover, which slipped below Tk 400 crore after a week. Turnover yesterday touched Tk 336.53 crore, which was Tk 463.52 crore on Sunday.
Most securities traded down on the premier bourse. Of 235 traded issues, 69 gained, 156 declined and 10 remained unchanged. A total of 2,21,86,297 shares traded on the DSE.
In the first 15 minutes, the market gained about 15 points. The bourse later took a downward trip and lost around 33 points in the next 90 minutes. In the next 60-minute trade, the market gained around 18 points. The DSE returned to its declining trend to continue for the rest of the session before closing lower than the previous day.
Market capitalisation came down to Tk 1,00,282.90 crore from the previous day's Tk 1,00,577.84 crore.
Beximco Pharma topped the turnover list with 17,61,550 traded shares worth Tk 27.84 crore. The day's other turnover leaders were Desco, Beximco, Titas Gas, ACI, Summit Alliance Port, Lanka Bangla Finance, Square Pharma, Golden Son and Summit Power.
Chittagong stocks also marked a fall yesterday. The CSE Selective Categories Index declined 55.9 points, or 0.96 percent to 5736.6 points, while the CSE All Share Price Index dropped 89.25 points, or 1 percent to 8758.89 points.
A total of 51,91,832 shares worth Tk 47.83 crore changed hands on the port city bourse. Of the 139 issues traded, 36 advanced, 100 declined and three remained unchanged.
(The Daily Star-21.10.2008)

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