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July 07, 2022

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THURSDAY, JULY 07, 2022
Stocks down as investors’ wait monetary policy announcement

Stocks

TBS Report
16 July, 2020, 01:10 pm
Last modified: 16 July, 2020, 03:19 pm

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Stocks down as investors’ wait monetary policy announcement

Turnover on the Dhaka Stock Exchange (DSE) trading floor has dropped by 21 percent to Tk98.04 crore till 12:00pm

TBS Report
16 July, 2020, 01:10 pm
Last modified: 16 July, 2020, 03:19 pm
File Photo: Since the stock market crash of 2010, Dhaka Stock Exchange has had a very challenging time in regaining a sustainable bull run. Photo: Mumit M
File Photo: Since the stock market crash of 2010, Dhaka Stock Exchange has had a very challenging time in regaining a sustainable bull run. Photo: Mumit M

Country's two prime bourses have continued the losing streak during the first one-and-half-hour session today with low turnover, as investors took up a cautious stance over the central bank's monetary policy statement which is awaiting its announcement.

Consequently, turnover on the Dhaka Stock Exchange (DSE) trading floor has dropped by 21 percent to Tk98.04 crore till 12:00pm.

During this early session, DSEX, the prime index of the DSE, down by 11.70 points – or 0.28 percent - to reach at 4,067.

The Shariah-based DSES index lost 3.85 points to settle at 946, and the blue-chip index DS30 went down by 5.66 points to stand at 1,369.

Out of the 297 issues traded during the same time frame, 43 company's share prices advanced, 66 declined, and 188 remained unchanged.

Moreover, the benchmark index CASPI at the Chittagong Stock Exchange (CSE) plummeted 57 points to close at 11,546.

According to a brokerage firm's review, the market participants have decided to book some profit on stock holdings ahead of the announcement of the monetary policy statement by the central bank. 

However, investors' attention was mostly focused on Pharmaceuticals & Chemicals, General Insurance and Bank sectors.
 

Economy / Top News

Bangladesh Stock Market / share market / Share market news / DSE / Dhaka Stock Exchange (DSE) / DSES / DSEX / DS30 / CSE / CSE All Share Price Index (CASPI) / Chittagong Stock Exchange (CSE) / low turnover / Turnover / Monetary Policy / Bangladesh Bank / BB

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