Stocks continue fall ahead of new budget

Dhaka stocks were edging lower Tuesday as investors awaited the new national budget in two days.

All the indicators finished in red, reflecting pre-budget uncertainties those were generated among investors from various

speculations about the new fiscal policy and allocation relegating to capital market, BSS reports.

DSEX, the major index of Dhaka Stock Exchange, came 0.6 percent or 28.66 points down to 4418.79 when the blue-chip DS30 fell by 13.14 points or 0.80 percent to 1625.32 and the Shariah DSES by 3.68 points or 0.36 percent to 1003.32.

The daily trade volume, however, increased slightly to 7.98 crore shares when value fell to Taka 392.27, a contrasting scenario from Monday’s transaction when volume declined and value increased.

dse cseLagging issues declined to 150 from Monday’s 190 when the number of gaining issues rose to 110 from previous day’s 80. Some 34 scrips were static.

On the losing side, Wata Chemical became the second after 716 percent surge on Monday on its circuit-breaker-free trading.

The other losing issues were from mutual funds and life insurance

Chemical, textile and pharmaceuticals maintained their leading position on the gaining side as those issues were also among the investors major attraction.


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