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The benchmark index of the Dhaka Stock Exchange (DSE) closed lower on Monday as investors opted to book profits following a strong rally driven by recent regulatory changes and renewed optimism in the capital market.
Market analysts said the decline was mainly due to profit-taking, as many investors chose to lock in gains after the market's recent advance pushed the benchmark index to a multi-month high.
The DSEX, the benchmark index of the premier bourse, declined by 33.16 points, or 0.60 per cent, to close at 5,483. On Sunday, the index reached its highest level in three months and 12 days, climbing to 5,516 points. Before the decline, the index had gained about 313 points or 6.02 per cent over the past ten trading sessions until Monday.
The DS30 index, comprising leading blue-chip companies, fell by 18.04 points to 2,069, while the DSES index, which tracks Shariah-compliant stocks, shed 7.43 points to 1,108.
On Monday, market participation declined, with turnover on the DSE dropping to Tk 10.72 billion, compared with Tk 15.29 billion in the previous session.
Losers outnumbered gainers on the DSE floor. Of the 393 issues traded, 102 closed higher, and 247 ended lower, while 44 remained unchanged.
The Chittagong Stock Exchange also ended lower, with its All Share Price Index (CASPI) falling by 84.7 points to 15,315, while the Selective Categories Index (CSCX) declined by 56.47 points to 9,409.