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Dhaka bourse declined marginally on Monday following the price correction witnessed by financial sectors.
On the day, investors exerted selling pressure on general and life insurance sectors which recently displayed rally following investors' increased participation.
The bank and financial institutions sectors also witnessed price correction on Dhaka Stock Exchange (DSE).
As a result, the DSE broad index witnessed a moderate loss. The turnover also declined marginally on Monday.
After opening of the day's session, the DSEX lost some points. Soon later, the broad index showed a recovery stance which also failed to sustain and a declining trend continued till closure.
At the end of the session, the DSEX closed at 5904.22 points with a loss of 0.59 per cent or 35.22 points.
The shariah based DSES advanced 0.54 per cent or 7.18 points to close at 1329.44 points.
The DS30 index comprising blue chip securities rose 0.15 per cent or 3.24 points to close at 2046.77 points.
According to EBL Securities, the premier bourse witnessed price correction on Monday following day-long selling pressure of financial scrips.
"Investors exerted selling pressure on stocks especially from bank, financial institutions and general insurance sectors," said the EBL Securities.
Of 345 issues traded, 105 advanced, 213 declined and 27 were unchanged on the premier bourse.
The turnover stood at above Tk 10.09 billion which was 15.76 per cent less than the turnover of the previous session.
Of total turnover, Tk 132.09 million came from transactions executed in block board.
Of the major sectors which witnessed price correction, bank lost 2.0 per cent, financial institutions 2.1 per cent, general insurance 5.0 per cent, life insurance 2.6 per cent and textile 1.1 per cent.
Telecommunication sector experienced the highest price appreciation of 3.90 per cent on the DSE mainly riding on Grameenphone.
The company's share price closed at Tk 409.50 each on Monday with a rise of 4.17 per cent or Tk 16.40.
Its board of directors has recommended 155 per cent final cash dividend (i.e. total 280 per cent cash dividend for the year 2018 which represents 108 per cent of profit after tax for the year 2018 inclusive of 125 per cent interim cash dividend which has already been paid), according to a disclosure.
Of other gaining sectors, miscellaneous advanced 1.6 per cent, fuel & power 0.9 per cent, and pharmaceuticals & chemicals 0.7 per cent.
Investors' participation was mostly concentrated on general insurance sector which grabbed 15.60 per cent of the market turnover followed by bank 11.3 per cent, textile 11.3 per cent and engineering 10 per cent.
United Power Generation and Distribution Company topped the turnover chart with a value of Tk 489 million followed by Grameenphone Tk 449 million, Eastland Insurance Company Tk 348 million, Square Pharmaceuticals Tk 285 million, and Premier Bank Tk 264 million.