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Stocks ended lower on Sunday as dominant selloffs continued to affect the market.
DSEX, the key index of the Dhaka Stock Exchange (DSE), fell by 14.99 points to close at 5,181.83.
The capital bourse of the country started the week on a dismal note, extending the downbeat vibe from the previous session as dominant selloffs remained prevalent across the market, while investors' anxiety over the market’s momentum following the latest regulatory fines for stock manipulation shook the already volatile market, according to EBL Securities.
The DS30, which tracks the performance of 30 leading companies, dropped 3.29 points to 1,908.63, and the DSES, which represents Shariah-compliant companies, fell 7.19 points to 1,156.78 by the close of trading.
Market turnover, a key indicator of trading activity, stood at Tk 2.93 billion, down 12.5 per cent compared to the previous trading day.
The market started with a dominant sell pressure that caused the benchmark index to fall by around 50 points in the first hour of trading, while subsequent buying activity on sector-specific scrips provided some recovery to the initial plunge, added EBL Securities.
Most stocks saw price declines, with 87 issues closing higher, 248 ending lower, and 60 remaining unchanged out of the 395 issues traded on the DSE.
Bangladesh Shipping Corporation was the most traded stock, with shares worth Tk 89.29 million changing hands, followed by Square Pharmaceuticals PLC, NRB Bank PLC, Genex Infosys PLC, and the Investment Corporation of Bangladesh.
Meanwhile, the Chittagong Stock Exchange (CSE) also ended lower, with its All Share Price Index (CASPI) falling 42.59 points to 14,538.5, and the Selective Categories Index (CSCX) dropping 24.75 points to 8,914.
The CSE traded 2.60 million shares and mutual fund units, with a turnover volume of Tk 46.59 million.