Dhaka,  Friday
01 November 2024

Stocks witness volatility in early trading

Staff Reporter, Dhaka

Published: 10:16, 29 July 2024

Stocks witness volatility in early trading

Photo: Collected

Stocks opened lower with choppy trading as investors remained mostly cautious amid ongoing uncertainties.

Following the previous week’s downturn, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 4 points or 0.07 per cent to 5,409 within the first one and half hour of trading at 11:30 am, when the report was filed.

Meanwhile, the new trading time increased by one hour from Sunday (28 July)-- from 10:00 am to 2:00 pm in line with the extended banking hours.

The normal trading hour is 10:00 am to 2:30 pm, which was cut down to 3 hours from 11:00 am to 2:00 pm on July 24 and July 25.

The blue-chip DS30 index, a group of 30 prominent companies, also lost 1 point to 1931 and the DSES index, which represents Shariah-based companies, fell 1 point to 1,182 till then.

Turnover, another important indicator of the market, stood at Tk 2.16 billion till then.

Of the issues traded till then, 118 advanced, 203 declined, and 67 issues remained unchanged on the DSE trading floor till then.

Agni Systems was the most traded stock till then with shares worth Tk 194 million changing hands.

The Chittagong Stock Exchange also saw a downturn with its All Shares Price Index (CASPI)—losing 24 points to stand at 15,391 while the Selective Categories Index – CSCX lost 13 points to reach 9,272 till then.

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