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Stocks closed lower on Tuesday as investors continued to book profits amid market uncertainty.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), fell by 17.19 points to close the day at 5,786.52.
The benchmark index of the Dhaka bourse extended its correction mode as cautious investors continued their profit-booking sell frenzy and preferred to observe the market’s trend amid current volatility, EBL Securities said.
The blue-chip index DS30, a group of 30 prominent companies, saw a 1-point decrease to 2133, while the DSES Index, which represents Shariah-based companies, saw a 1-point increase to 1,237.48 till the end.
Investors remained active on both sides of the trading fence, while sellers ended up on the dominant side by the end of the session. Moreover, regulatory attempts to review various market irregularities in recent years also induced caution among market participants to remain watchful and monitor the market momentum, added EBL Securities.
Turnover, a key market indicator, dropped to Tk 7.27 billion, a 31.8 per cent decrease from the previous trading day.
The majority of the stocks saw a price decrease, as out of the 398 issues traded, 102 closed higher, 258 ended lower, and 38 remained unchanged on the DSE trading floor.
BRAC Bank was the most-traded stock with shares worth Tk 341.90 million changing hands, followed by Olympic Industries Ltd, Grameenphone Ltd, GPH Ispat Ltd and Taufika Foods and Lovello Ice-cream.
The Chittagong Stock Exchange (CSE) also closed lower, with its All Share Price Index (CASPI) falling by 91.33 points to 16,501. The Selective Categories Index (CSCX) decreased by 52.54 points, settling at 9,949.76.
The port city bourse traded 6.23 million shares and mutual fund units with a turnover volume of Tk 316.65 million.
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