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Stocks in thin trade

Star Business Report
Dhaka stocks started the week with a big slump amid thin participation of investors, apparently worried by fallout from the lingering world market rout.
The market declined a day after some discussants told a seminar that Bangladesh would not be immune to the global financial meltdown and its negative spillover.
Although there is no relationship between the local and global stock markets, local investors remained cautious, said a stockbroker
The benchmark index of Dhaka Stock Exchange, DSE General Index, went down 64.83 points, or 2.26 percent, to 2803.27 points. The DSE All Share Price Index also dropped 53.79 points, or 2.26 percent, to 2322.87 points.
Bad weather with continuous rains and gusty winds was part of the reason the presence
of investors had been thin, said Saihtl Islam, managing director of Equity Partners.
Echoing him, Yawer Sayeed, managing director of AIMS of Bangladesh, said: "There was also profit-taking in the mar ket."
In the opening 35 minutes, the market lost around 35 points, but the market gained more than 15 points in the next 25 minutes.
The market started declining again in the following trade and lost about 50 points in the next 110 minutes.
The market recovered 10 points in the next 35 minutes before a fall that lasted for the rest of the session.
Most securities traded down on die premier bourse. Of the 234 traded issues, 41 advanced, 182 declined and 11 remained unchanged.
Turnover came down to Tk 310.12 crore from the previous day's Tk 380.35 crore. A total of 2,07,26,397 shares traded on
the DSE
Market capitalisation also declined to Tk 99,068.95 crore from the previous day's Tk 1,00,812.90 crore.
Beximco Pharma topped the turnover leaders with 15,78,150 traded shares worth Tk 26.03 crore. The other turnover leaders for the day were Titas Gas, ACI, Desco, island Bank, Lanka Bangla Finance, Square Pharma. Summit Alliance Port, Golden Son and Summit Power
Chittagong stocks also traded down yesterday. The CSE Selective Categories Index declined 120.89 points, or 2.1 percent, to 5618.46 points, while the CSE All Share Price Index fell 181 points, or 2.06 percent, to 8594.07 points.
A total of 50,74,391 shares worth Tk 50.26 crore changed hands on the port city bourse. Of the 137 traded securities, 19 advanced and 116 declined, with two finishing unchanged.