Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
Stocks ended lower on Saturday as many investors remained on the sidelines.
The DSE's prime index decreased by 38.69 points, closing at 4,746.43.
The bearish trend in Bangladesh’s capital market continued to intensify, with no signs of recovery in sight for investors.
The blue-chip index DS30, comprising 30 leading companies, decreased by 23.80 points to 1,753.30, while the DSES Index, representing Shariah-compliant companies, decreased by 9.67 points to 1,037.23 by the close.
Despite a fleeting upward momentum during the early hours of trading, the market ultimately succumbed to persistent negative sentiment. Investor confidence remained subdued amid ongoing economic uncertainties, prompting most participants to stay on the sidelines and avoid fresh commitments, according to EBL Securities.
Turnover, a crucial indicator of the market, stood at Tk 2.78 billion, up 8.8 per cent from the previous trading day.
The majority of the stocks saw a price decrease, as out of the 397 issues traded, 74 closed higher, 271 ended lower, and 52 remained unchanged on the DSE trading floor.
Shinepukur Ceramics Limited was the most-traded stock with shares worth Tk 123.36 million changing hands, followed by Midland Bank, BRAC Bank, Beach Hatchery and S. Alam Cold Rolled Steels.
The Chittagong Stock Exchange (CSE) also ended down with its All Share Price Index (CASPI) decreasing by 91.5 points to settle at 13,294 and the Selective Categories Index (CSCX) decreasing by 54.14 points to settle at 8120.
The port city bourse traded 1.96 million shares and mutual fund units with a turnover volume of Tk 41.98 million.