Business Desk :
Stocks on Sunday witnessed a downward trend after showing six days of positive trend as profit booking sell pressure remained prevalent across the trading floor since cautious investors remained observant of the market’s trend ahead of the upcoming monetary policy announcements for the second half of the fiscal year.
The prime index of the Dhaka Stock Exchange (DSE) decreased by 13.29 points to settle at 5,165.88. The blue-chip index DS30, comprising 30 leading companies, decreased by 1.06 points to 1,911.84, while the DSES Index, representing Shariah-compliant companies, decreased by 4.25 points to 1,143.54 by the end, reports BSS.
Market analysts observed mild volatility as investors engaged in profit booking following consecutive sessions of buy dominance in the previous week, as they aimed to secure their short-term gains amid the weakened strength of the market’s momentum.
Turnover, a crucial indicator of the market, stood at Taka 3.74 billion, down 12.93 per cent from the previous trading day.
The majority of the stocks saw a price decrease, as out of the 395 issues traded, 92 closed higher, 240 ended lower, and 63 remained unchanged on the DSE trading floor.
