Stocks witness flat

BSS :

Stocks on Sunday commenced the week on a flat note, as investors took advantage of the recent price appreciation to realize profits, triggering sustained selling pressure in major blue-chip stocks.
DSEX, the broad index of the Dhaka Stock Exchange (DSE), declined by 5.3 points to settle at 5,229 points, as against 5,234 points in the previous trading session.
The market remained range-bound, with investors active on both sides of the trading fence; however, modest selling pressure ultimately edged down the broad index into negative territory, as investors stayed watchful over further political clarity surrounding the upcoming national election.
Meanwhile, market turnover decreased by 18.5per cent to a TK 4.8 billion from TK 5.9 billion in the previous session.
On the sectoral front, Pharma (14.7per cent) issues exerted the highest turnover, followed by Textile (13.6per cent) and Bank (13.6sper cent) sectors. Sectors mostly displayed negative returns, out of which Engineering (-1.0per cent), Jute (-1.0per cent) and Tannery (-0.7per cent) exerted the most negative returns.
Out of the 397 issues traded, 161 advanced, 158 declined and 78 remained unchanged.
The port city bourse, CSE, also settled on a negative zone. The Selective Categories’ Index (CSCX) and All Share Price Index (CASPI) declined by 44.0 points and 48.4 points, respectively.