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Stocks ended lower on Thursday, as sell pressure continued to dominate the market.
The prime index of the Dhaka Stock Exchange (DSE) decreased by 47.68 points to settle at 5,197.58.
The downbeat capital market failed to recover from the persistent pessimism pervading the trading floor, with the benchmark index falling below the 5,200 mark after 18 days as sell pressure continued to dominate the market amid subdued sentiment and rising tensions over the market outlook, according to EBL Securities.
The blue-chip index DS30, a group of 30 prominent companies, saw a 15.60-point decrease to 1919.56, while the DSES Index, which represents Shariah-based companies, saw a 10.96-point decrease to 1,151.55 till the end.
Turnover, a crucial indicator of the market, stood at Tk 3.64 billion, down 7.45 per cent from the previous trading day.
The market remained downbeat throughout the session as investors shied away from taking positions in equities in the absence of any positive catalysts that could recover the waning investor sentiment, according to EBL Securities.
The majority of the stocks saw a price decrease, as out of the 383 issues traded, 66 closed higher, 263 ended lower, and 54 remained unchanged on the DSE trading floor.
Midland Bank PLC. was the most-traded stock with shares worth Tk 131.52 million changing hands, followed by Taufika Foods and Lovello Ice-cream PLC, Beximco Pharmaceuticals Ltd., Investment Corporation Of Bangladesh and Eastern Bank PLC..
The Chittagong Stock Exchange (CSE) also ended lower with its All Share Price Index (CASPI) decreasing 87.85 points to settle at 14584 and the Selective Categories Index (CSCX) losing 55.70 points to settle at 8880.
The port city bourse traded 4.34 million shares and mutual fund units with a turnover volume of Tk 125.81 million.