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Stocks ended lower on Tuesday as nervous investors engaged in dominant selloffs to avoid further losses.
The prime index of the Dhaka Stock Exchange (DSE) decreased by 60.72 points to settle at 5,269.52.
The market pulse remained bearish, with most scrips sliding into the red as cautious investors shied away from equities amidst uncertainties about the market’s outlook due to concerns surrounding the economic impact of the prevailing unrest, according to EBL Securities.
The blue-chip index DS30, a group of 30 prominent companies, fell by 20.89 points to 1881.86, and the DSES Index, which represents Shariah-based companies, dropped by 14.87 points to 1,151.55.
The market stayed on the red trajectory for most of the day’s session as sellers remained predominant across the trading floor since investors were wary of the market momentum due to the prevalent downbeat vibe, EBL Securities added.
Turnover, a crucial indicator of the market, stood at Tk 4.33 billion, down 3.88 per cent from the previous trading day.
The majority of the stocks saw a price decrease, as out of the 397 issues traded, 25 closed higher, 340 ended lower, and 32 remained unchanged on the DSE trading floor.
Techno Drugs Ltd was the most-traded stock, with shares worth Tk 837.42 million changing hands, followed by Orion Infusion Ltd, Agni Systems Ltd, Alif Industries Limited and NRB Bank Limited.
Chittagong Stock Exchange (CSE) also ended lower, with its All Share Price Index (CASPI) losing 132 points to settle at 15141 and the Selective Categories Index (CSCX) losing 81 points to settle at 9121.
The port city bourse traded 2.79 million shares and mutual fund units with a turnover volume of Tk 95.77 million.