Dhaka stocks close flat

Dhaka stocks finished Wednesday flat in a volatile trading with its general index posting a slight gain after a two-day bear run, market operators said.
Trading at the Dhaka and Chittagong stock exchanges remains closed today due to a holiday on the occasion of Ashura.
The general index of Dhaka Stock Exchange gained 4.01 points, or 0.15 per cent, to close at 2760.67, while its all share price index advanced by 1.20 points, or 0.05 per cent, to finish at 2279.49. The DSE20 of blue chips, however, lost 2.68 points, or 0.12 per cent, to close at 2271.20.
A DSE stockbroker said the market rose sharply in the first hour of the day’s trading due to a buying spree of investors. The market, however, finished flat because of the selling pressure in the late trading, he said.
Of the total 244 issues traded, 93 advanced, 135 declined, and 16 remained unchanged.
Turnover at the DSE dropped to Tk 339.74 crore from the Tuesday’s Tk 378.87 crore.
Summit Power topped the turnover leaders with a total transaction of Tk 41.77 crore.
Beximco Pharmaceuti-cals, Beximco, Titas Gas, Shinepukur Ceramics, Maksons Spinning, Golden Son, ACI Formulations, Summit Alliance Port and Quasem Drycells were the rest of the top 10 turnover leaders on the day.
Chittagong stocks also closed flat on Wednesday.
The selective categories index of Chittagong Stock Exchange gained 3.27 points, or 0.06 per cent, to close at 5552.31, while its blue chips index, CSE30, advanced by 4.88 points, or 0.07 per cent, to finish at 7316.16. The bourse’s all share price index, however, lost 2.67 points, or 0.03 per cent, to close at 8508.76.
Of the total 142 issues traded on the CSE floor, 66 posted gains, 74 dropped and two remained unchanged.
Turnover at the CSE, however, increased to Tk 89.69 crore from the Tuesday’s Tk 59.73 crore.