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The Dhaka Stock Exchange (DSE) ended lower on Tuesday, as selling pressure continued to dominate the trading floor.
The prime index of the DSE declined by 7.57 points, settling at 5,365.96.
The blue-chip index DS30, which comprises 30 prominent companies, fell by more than 5.79 points to 1,963.73, while the DSES Index, representing Shariah-based companies, increased by 3.78 points to 1,195.36 by the end of the trading session.
The capital market of the country struggled to break free from the bearish trend, as selling pressure continued due to persistent confidence crises among investors amid prevailing uncertainties regarding the market's outlook, according to EBL Securities.
Turnover, a crucial indicator of market activity, stood at Tk 3.18 billion at the end of trading, which was 9.32 per cent lower than in previous trading days.
The market experienced volatility throughout the day, with sellers predominantly influencing the trading board, leading the majority of scrips to continue their correction mode. Only stocks from the major banking sector remained resilient during the session, according to EBL Securities.
Most stocks saw a price decline, with out of 398 issues traded, 96 closing higher, 252 ending lower, and 50 remaining unchanged on the DSE trading floor.
Agni Systems Ltd. was the most-traded stock, with shares worth Tk 289.78 million changing hands, followed by Taufika Foods, Lovello Ice Cream, Techno Drugs Ltd, Islami Bank, and BRAC Bank PLC.
The Chittagong Stock Exchange (CSE) also ended lower, with its All Share Price Index (CASPI) losing 47.15 points to settle at 15,047.65, and the Selective Categories Index (CSCX) falling by 24.46 points to 9,144.
The port city bourse traded 1.63 million shares and mutual fund units, with a turnover volume of Tk 82.08 million.