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Stocks ended lower on Tuesday as investors continued their profit booking selloffs.
The prime index of the Dhaka Stock Exchange (DSE) decreased by 64.31 points to settle at 5,868.
The capital bourse of the country registered consecutive downbeat sessions as investors continued their profit booking selloffs amid weakening market momentum, although active investor participation remained prevalent across the trading floor, according to EBL Securities.
The blue-chip index DS30, a group of 30 prominent companies, fell by 19.49 points to 2,134, while the DSES Index, which represents Shariah-based companies, dropped by 15.45 points to 1,255 till the end.
Market volatility persisted throughout the session as sellers continued their dominance to realise their recent gains from the volatile market in the apprehension of a probable shift in market momentum, EBL Securities added.
Turnover, a crucial indicator of the market, stood at Tk 10.15 billion, down 11 per cent from the previous trading day.
The majority of the stocks saw a price decrease, as out of the 399 issues traded, 106 closed higher, 269 ended lower, and 24 remained unchanged on the DSE trading floor.
BRAC Bank PLC was the most-traded stock with shares worth Tk 538.81 million changing hands, followed by Square Pharmaceuticals, Unilever Consumer Care Limited, Renata PLC and IFIC Bank PLC.
The Chittagong Stock Exchange (CSE) also ended lower with its All Share Price Index (CASPI) losing 148 points to settle at 17009 and the Selective Categories Index (CSCX) losing 90 points to settle at 10243.
The port city bourse traded 7.36 million shares and mutual fund units with a turnover volume of Tk 150.77 million.