Stocks remain flat on first day of Ramadan

Business Desk:

Stock markets on Sunday witnessed flat on the first day of Ramadan, snapping a six-day winning streak.

The DSEX, the benchmark index of the country’s premier bourse Dhaka Stock Exchange (DSE), shed 10 points to close at 5,236.84 points.

Due to reduced trading hours, the total turnover in the market on Sunday stood at Tk 4.22 billion, down from Tk 4.88 billion the previous day.

According to DSE data, out of the 395 stocks traded, 144 saw an increase in prices, 184 declined and 67 closed flat, reports BSS.

The textile sector dominated trading, accounting for 13.59 percent of the total turnover, or Tk 547.6 million. It was followed by the pharmaceuticals and chemicals sectors, along with the engineering sector.

Based on closing prices, the top gainers were HR Textiles, BD Autocars and Style Crafts, while Shinepukur Ceramics, Khulna Printing and Packaging and ADN Telecom were the top losers.
The Chittagong Stock Exchange (CSE) also witnessed a fall in indices. The CSE’s overall index declined by 25 points.

Among 204 participating companies, share prices increased by 76, fell by 98, and remained unchanged for 30.