Selling pressure drags DSEX down
The indices experienced selling pressures due to investors’ inclination to profit booking
DSEX, the benchmark index of the premium bourse Dhaka Stock Exchange (DSE), dropped as a ruesult of the investors' sales pressure for booking short time profit during the early session today, while the key index of Chittagong stock Exchange posted moderate gain.
According to a brokerage firm's review, the indices experienced selling pressures due to investors' inclination to profit booking.
The investors mostly followed the cautious stance over the long term impact of Covid-19 on the macro-economy of the country which hit banks interest rate, FDI, private savings and investment.
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In the first one-and-half-hour of trading, DSEX went down by 2.76 points – or 0.06 percent - to reach at 4,083.
Moreover, the Shariah-based DSES index lost 1.05 points to settle at 947, while the blue-chip index DS30 increased by 0.42 points to stand at 1,372.
Turnover on the Dhaka Stock Exchange's trading floor stood at Tk104.84 crore till 12:00pm.
Out of the 319 issues traded in the corresponding period, 78 company's share prices advanced, 72 declined, and 169 remained unchanged.
Meanwhile, the benchmark index CASPI at the Chittagong Stock Exchange (CSE) rose 17.57 points to close at 11,639.
