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Friday, 24 May 2013

Stocks fall despite incentive proposal in budget

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Reported by: UNB Connect
Reported on: June 10, 2012 11:24 AM
Reported in: Business
News - Stocks fall despite incentive proposal in budget

Dhaka, June 10 (UNB) – Despite a positive trend at the beginning, stocks at both the bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) –- witnessed a moderate fall on Sunday, the first trading day after the proposed budget with a number of incentives to strengthen the capital market.

The DSE benchmark index, DGEN, closed at 4725.72 losing 43.66 points or 0.91 percent after the end of the day's trading. The tracking index of the premier bourse gained 11.24 points or 0.23 percent to reach 4780.64 points at 10:45 am. 

Of the issues traded at the DSE, 50 advanced, 174 declined and 22 remained unchanged.

The DSE turnover came down to Tk 136 crore only while the CSE recorded Tk 26.65 crore turnover. 

The CSE key index, CSCX, closed 8956.20 losing 91.17 points though it gained 19.22 points to stand at 9066.59 points at 10:45 am today. Of the issues traded at the CSE, 23 advanced, 142 declined and 9 remained unchanged.

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