Business Report :
Stocks ended flat on Sunday as investors remained cautious amid an uncertain market outlook
The prime index of the Dhaka Stock Exchange (DSE) edged up 0.67 points to settle at 5,700.59.
The premier bourse of the country ted the week with a mere flat session as investors stayed cautious due to weak market momentum. However, buying interest in particular large-cap issues helped the benchmark index stay marginally afloat in positive territory, according to EBL Securities.
The blue-chip index DS30, a group of 30 prominent companies, saw a 2.46 point decrease to 2088.13, while the DSES Index, which represents Shariah-based companies, saw a 1.92-point increase to 1,221.
Trading seesawed throughout the session as investors remained active on both sides. However, investor confidence is yet to regain across the trading floor as uncertainties persist over the market outlook, EBL Securities noted.
Turnover, a crucial indicator of the market, stood at Tk 5.58 billion, down 28.32 per cent from the previous trading day.
The majority of the stocks saw a price decrease, as out of the 398 issues traded, 124 closed higher, 240 ended lower, and 34 remained unchanged on the DSE trading floor.
Midland Bank PLC was the most-traded stock with shares worth Tk 379.85 million changing hands, followed by Grameenphone Ltd, Square Pharmaceuticals, Olympic Industries and BRAC Bank PLC.
The Chittagong Stock Exchange (CSE) also ended lower, with its All Share Price Index (CASPI) gaining 2.28 points to settle at 16,376, while the Selective Categories Index (CSCX) lost 0.66 points to close at 9,864.5.
The port city bourse traded 4.69 million shares and mutual fund units, with a turnover volume of Tk 290.56 million.