Business Report :
Stocks closed lower on Thursday as cautious investors refrained from taking positions in equities.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), dropped 18.54 points to settle at 5,199.62.
The equity indices of the Dhaka bourse closed in red territory amid lower market participation, as cautious investors shied away from taking positions in equities, considering the market’s waning momentum, according to EBL Securities.
The blue-chip index, DS30, which comprises 30 leading companies, declined by 10.97 points to 1,930.97, while the DSES Index, representing Shariah-compliant companies, fell by 9.97 points to 1,155.10 at the close.
The lacklustre market observed sell dominance for the majority of today’s session, causing most scrips to extend their correction phase, while only stocks from the giant banking sector remained resilient throughout the session, EBL Securities noted.
Turnover, one of the key market indicators, stood at Tk 3.14 billion, a decline of 5.12 per cent from the previous trading session.
Most stocks experienced price declines, with 98 issues closing higher, 229 ending lower, and 71 remaining unchanged out of the 398 issues traded on the DSE trading floor.
Robi Axiata was the most-traded stock, with shares worth Tk 121.80 million changing hands, followed by Orion Infusion, City Bank, Fine Foods, and One Bank.
Meanwhile, the Chittagong Stock Exchange (CSE) saw its All Share Price Index (CASPI) rise 40.25 points to close at 14,552, and the Selective Categories Index (CSCX) gained 20.88 points to close at 8,859.52. The port city bourse traded 6.6 million shares and mutual fund units, with a turnover volume of Tk 1.01 billion.
