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2 days ago

Markets end on a downbeat note amid weak investor confidence

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Stocks ended lower on Sunday, as cautious investors refrained from taking positions in equities.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), fell by 25.16 points, settling at 5,196.41.

Dhaka Stock Exchange (DSE) started the week on a gloomy note amid lower market participation as watchful investors shy away from taking positions in equities considering the market’s weakening pace, according to EBL Securities.

The blue-chip index DS30, comprising 30 leading companies, decreased by 3.11 points to 1,935.18, while the DSES Index, representing Shariah-compliant companies, dropped by 5.20 points to 1,162.16 at the close.

The market remained downbeat throughout the session, with broad sell pressure from watchful investors that pushed the majority of scrips sliding into red territory, EBL Securities added.

Turnover, a key market indicator, stood at Tk 3.13 billion, down 6.76 per cent from the previous trading day.

Most stocks saw a decline in price, with 66 issues closing higher, 281 ending lower, and 46 remaining unchanged out of the 393 issues traded on the DSE floor.

Orion Infusion was the most-traded stock, with shares worth Tk 251.34 million changing hands, followed by Robi Axiata, Central Insurance, GPH Ispat, and Dragon Sweater and Spinning.

The Chittagong Stock Exchange (CSE) also ended lower, with its All Share Price Index (CASPI) falling by 54.6 points to settle at 14,468, and the Selective Categories Index (CSCX) dropping by 24.7 points to 8,818.

The port city bourse traded 26.55 million shares and mutual fund units, with a turnover of Tk 1.15 billion.

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