Stocks witness mixed performance over selling pressure

Equity indices of the stock exchanges reported mixed performances amid investors' selling pressure in the first one-and-half-hour trading of the last session of the week. 

Market insiders said, "Most of the investors' selling shares, while they observed that in June closing companies showed poor performance and declared lower dividends."

DSEX, the key index of Dhaka Stock Exchange (DSE) fell 2.76 points or 0.05% to settle at 4,835 till 11:30 am on Thursday.

Moreover, the Shariah-based DSES index rose by 4.87 points to 1,099 and the blue-chip index DS30 gained 5.85 points to 1,671.

Turnover, a major indicator of the market, on the DSE trading floor rose by 1% to Tk445.07 crore during the early session.

Out of the 348 issues traded during the same time frame, DSE had 131 gainers against 140 losers, while prices of 77 scrips remained unchanged.

Paramount Insurance Company Limited was the most traded stock till filing of this report with shares worth Tk313.4 million changing hands, closely followed by Global Insurance Company Limited, Beximco Pharmaceuticals Limited, Provati Insurance Company Limited, xpress Insurance Limited, and Eastland Insurance Company Limited.

However, the benchmark index CASPI at the Chittagong Stock Exchange (CSE) rose 2.49 points to 13,798 in the corresponding period.

Of the total 181 issues traded till then, 57 gained, 79 declined, and 45 issues remained unchanged with Tk6.4 crore in turnover.