Stocks end in red

Business Report :
All indices of the Dhaka Stock Exchange (DSE) fell on Monday. The DSEX, the benchmark index of the top bourse in Bangladesh, lost 9 points, or 0.15 per cent, to 6,356, after gaining 27 points in the past two trading days.
The daily turnover on the DSE, however, exceeded Tk 12 billion-mark back to back session and amounted to Tk 12.57 billion, from Tk 12.54 billion the day before, as investors were active on both sides of the trading fence.
Market experts said the cautious investors booked some profit on stocks which saw significant gains in the past few trading days, taking the market into the red territory.
Finance Minister AHM Mustafa Kamal unveiled a nearly Tk 7.62 trillion national budget for the fiscal year (FY) 2023-24 2023 before the Parliament on Thursday.

Although there is no new incentive for the market in the proposed budget, the finance minister did not cut the existing facilities offered for the stock market investment.
The DS30, the blue-chip index, decreased 0.03 per cent to 2,198 while the DSES, the shariah-compliant index, went down 0.05 per cent to 1,382.
However, turnover, a key indicator of the market, inched up by 0.15 per cent to Tk 1,256 crore.
Of the securities, 71 advanced, 112 declined and 179 did not show any price movement.
Bangladesh Autocars Ltd made the highest gain with an increase of 9.9 per cent. Legacy Footwear, Lub-rref (Bangladesh), Trust Islami Life Insurance, and SK Trims & Industries were among the top gainers.
National Tea Company was the highest loser, shedding 8.7 per cent.

Northern Jute Manufacturing Co, Meghna Insurance Company, Sonali Life Insurance Company, and Sea Pearl Beach Resort & Spa were also in the list of the significant losers.
Lub-rref (Bangladesh) was the most-traded stock with its issues worth Tk 58 crore transacting.
Meghna Life Insurance Co, Intraco Refueling Station, IT Consultants, and Rupali Life Insurance Company also saw significant turnover.
Caspi, the all-share price index of the Chittagong Stock Exchange, dipped 11 points, or 0.06 per cent, to close at 18,776.
Of the issues, 60 rose, 79 retreated and 93 did not see any price swing.

However, turnover of the port city bourse edged up 4.28 per cent to Tk 22.88 crore from the previous day.