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Monday, October 12, 2015, Aswin 27, 1422 BS, Zilhaj 27, 1436 Hijr

Stock Market Update
Bourses plunge on sell-offs
Business Desk
Published :Monday, 12 October, 2015,  Time : 12:00 AM  View Count : 12

Lead indices at the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) declined sharply with low turnover on Sunday as the dominant small investors offloaded much of their shares, dealers said.
The real cause behind the sell-off was not clear immediately but it was guessed that investors were fearing a possible economic debacle in the country as export buyers refrained from visiting the country following the recent killing of two foreigners. 
DSEX, the prime index of the Dhaka Stock Exchange (DSE) ended the session at 4,728.13, after falling 53.23 points or 1.11 per cent while the DS30 index, comprising blue chips, declined 21.30 points or 1.17 per cent to 1,794.69 and the DSE Shariah Index DSES lost  13.93 points or 1.21 per cent to end at 1,135.79.
At the CSE its Selective Categories Index CSCX losing 108.93 points to end at 8,804.27 as losers beat gainers 178 to 38, with 23 issues remaining unchanged. The port city bourse traded 10.79 million shares and mutual fund units with a value of Tk 337.74 million.
At the DSE the turnover the trading at DSE remained sluggish as it stood at only Tk 3.38 billion, which was 6.10 per cent lower than the previous session's Tk 3.61 billion. Losers outpaced gainers, as out of 318 issues traded, 231 declined, 60 advanced and 27 remained unchanged on the DSE trading floor. 
Lafarge Surma Cement dominated the day's turnover chart with shares of Tk 230 million changing hands followed by Beximco Pharma, Mozaffar Hossain Spinning Mills, GP and Far Chemicals.  LR Global Mutual Fund One was the day's best performer, posting a rise of 8.19 per cent while Matin Spinning was the day's worst loser, plunging by 9.95 per cent.

Editor : Iqbal Sobhan Chowdhury
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