The New Nation - Internet Edition

Staff Reporter

After days of gains, the share market witnessed a decline yesterday amidst huge sell-offs that resulted in outnumbering the gainers by the losers.

All indices on the Chittagong Stock Exchange (CSE) closed down due to losses in blue chips while indices on the Dhaka Stock Exchange (DSE) ended nearly flat on a fall in blue chip shares.

The blue-chip DSE-20 fell 18.80 points, or 0.76 per cent, to close at 2434.23. The benchmark DGEN or general index edged up 10.61 points, or 0.37 per cent, to end on 2831.40. The DSI or all-share price index finished 8.57 points, or 0.35 per cent, up at 2416.32.

The CSE All Share Price Index (CASPI) shed 0.42 per cent or 37.32 points to close at 8731.10 from 8768.42 points on the previous trading day.

The CSE-30 Index also decreased by 0.68 per cent or 53.99 points to close at 7844.80 points from the Monday's 7898.79 points.

Turnover on both bourses witnessed a substantial decrease from the previous day. Turnover on the DSE was Tk 271 crore-with 19,386,168 shares changing hands-down from Tk 335 crore the previous day.

The port city bourse also saw turnover fall to Tk 30.86 crore from Monday's Tk 45.21 crore, with 3,325,355 trading shares.

Losers outnumbered gainers on the DSE by 125 to 91, while 12 issues held steady.

A total of 129 issues were traded on the CSE. Of them, 47 gained, 80 declined and two remained unchanged.

Grameen One: Scheme Two which debuted Tuesday topped the turnover board, closing at Tk 43. Titas Gas continued to gain, edging up 0.88 per cent from the previous day, to close at Tk 428. ACI ended on Tk 520.10, down by 0.87 per cent. ICB AMCL 2nd NRB mutual fund climbed 1.66 per cent to Tk 182.25. Islami Bank finished at Tk 7450.25, down 1.66 per cent.

Among the other scrips on the turnover board, Square Pharmaceuticals, DESCO, Pragati Insurance and Eastland Insurance also gained. Lanka Bangla Finance lost following gains on Monday.