Special Correspondent
DSEX, the key index of the Dhaka Stock Exchange (DSE), on Thursday failed to stay afloat in the final session of the week amid stagnancy in trade turnover due to continued profit-booking sell pressure.
The key index of the DSE declined on the day by 10.7 points to settle at 5,167 points as against 5,177 points in the previous trading session.
Meanwhile, market turnover also decreased by 13.7% to Tk356 crore. Two sectors out of 19 were the gainers, and 17 were on the losing side. Of the 396 scrips traded, 105 advanced, 204 declined, and 89 remained unchanged.
The blue-chip index DS30 and the Shariah-based index DSES closed at 1,913.04 and 61.85 points, respectively.
Most of the large-cap sectors posted negative performance on the day.
The Engineering experienced the highest loss of 0.87% followed by NBFI (-0.70%), Telecommunication (-0.68%), Fuel & Power (-0.33%), Pharmaceutical (-0.21%), Food & Allied (-0.08%), and Bank (+0.01%), respectively. Block trades contributed 2.5% of the overall market turnover. Oimex Electrode Limited (-9.3%) was the most traded share with a turnover of Tk 22 crore.
The SME index, DSMEX, increased by 3.82 points, and the market generated a Tk 17 crore turnover, a 39% increase from the previous session. According to the Royal Capital Financial Portal, BRAC BANK and SQUARPHARMA contributed the most to the gains and the losses of the DSEX index on the day, and the bear takes over the market control at 11:30 P.M. and onwards.
In its daily market commentary, the EBL Securities said the key index of the capital bourse failed to stay afloat in the final session of the week amid stagnancy in trade turnover due to continued profit-booking sell pressure as investors remained wary of the market's momentum due to the persistent volatility pervading the trading board.
Despite a somewhat upbeat start in the first hour of today's session, cautious selling by investors dragged the market into the red trajectory again, which pushed the majority of scrips to extend corrections for two consecutive sessions, it said.
The port city bourse, Chittagong Stock Exchange (CSE), also settled on red terrain. The Selective Categories' Index (CSCX) and All Share Price Index (CASPI) fell by 38.3 and 69.4 points, respectively.