Dhaka stocks fail to sustain early gains

Dhaka stocks on Tuesday failed to sustain early gains as investors remained sceptical about market future amid the global situation centring Russia-Ukraine war.

Dhaka stocks started trading with a positive note from the beginning on Tuesday, in line with the previous session’s upward trend.

In just over one hour into the trade, DSEX, the benchmark index of the bourse, increased over 83 points from the previous day’s figure of 6739.

But then the prices started to fall and settled at 6753 at the end of the day, gaining by only 14 points or 0.21% in the end.

Among other indices, the shariah-based DSES was up by 0.24 points or 0.01 percent and the blue-chip DS30 increased 7.60 points or 0.30 percent.

The turnover on the DSE was Tk 798.91 crore, which was Tk 68.90 crore more than the previous session.

Of the shares of 377 companies traded on the day, 168 firms saw a fall in prices, 163 firms witnessed an increase, and 46 remained unchanged.

The Miscellaneous sector rose to the top position in terms of transactions. The total transaction in this sector was Tk 169.2 crore, which was 21.91 percent of the total turnover.

The Textile sector was at the second highest position of turnover with Tk 101.8 crore and the Pharmaceuticals and Chemicals sector at third position with Tk 91 crore. 

Shares of Beximco Limited were the most-traded by value on the DSE. Shares of the company worth Tk 117.39 crore were traded on the day. 

Bangladesh Shipping Corporation, which was in the second place, had a turnover of Tk 43.43 crore and Orion Pharma was in the third place with a share transaction of Tk 27.92 crore.

Among the top traded shares were from Fortune Shoes Limited, Saif Powertec, Keya cosmetics, Union Bank, Dragon Sweater, BATBC and Sonali Paper. 

Meanwhile, the overall index CASPI of the Chittagong Stock Exchange (CSE) increased by 78 points to 20,719 points and securities worth Tk 29.19 crore were traded on the day.