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DSE, CSE loss amid political chaos

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Commerce Reporter
Share price index at the country’s twin bourses registered loss on Monday, the second session of the week, as prices of large number of issues decreased amid political chaos that has been heavily disrupting businesses across the country.
In order to break the political standoff centering the ensuing general election, the visiting UN Assistant Secretary General for Political Affairs was busy in parleys with political parties amid the 72-hour blockade, third phase of its kind, enforced by the BNP-led 18-party opposition alliance since Saturday. The blockade was marked by scores of violent incidents and killing.
Market insiders observed the sluggish trend in the bourses is an outcome of the continuous confrontation between the ruling and opposition parties. The last week’s 131-hour blockade heavily disrupted the transportation business and industrial production.
The share price index at both Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) ended on negative note on Monday although trading at both the bourses began with positive trend. However, the volume of trade in terms of value and number was higher at both DSE and CSE on the day than on Sunday.
The DSE benchmark index, DSEX lost 12.74 points or 0.29 percent to reach 4289.82 at the close of the trading today. Of the 291 issues traded, 132 gained, 130 declined and 29 remained unchanged.
Most of the traded issues of the day included those from food and beverage, insurance and mutual fund sectors.
Shares worth Tk 647.36 crore changed hands at the DSE on the day against Tk 526.59 crore on Sunday.
The day’s top 10 losers at the DSE were Libra Infusion, Eastern Cables, Rangpur Foundry, 4th ICB, Metro Spinning, Mithun Knit, Jute Spinning, Alhaz Textile, BD Lamps, and Rupali Life insurance.
The CSE key index, CSCX lost 16.59 points to reach 8413.90 at the close today. Of the 218 issues traded, 93 advanced, 102 suffered loss and 23 remained unchanged. The value of the traded issues was Tk 76.03 crore on the day against Tk 67.82 crore on Sunday.
Earlier in the morning, the DSEX gained 32.68 points or 0.75 percent to reach 4335.25 at 11:40 am while the CSCX gained 58.65 points to stand at 8489.14, also at 11:40 am yesterday.

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