Dhaka stocks closed flat on Tuesday in volatile trading as retail investors went for sell-offs while institutional ones bought shares.
DGEN, the benchmark general index of Dhaka Stock Exchange, lost 0.003 per cent, or 0.12 points, to close at 4,092.16 points.
The DGEN had gained 52.41 points on Monday after losing 245 points in the previous five sessions.
Turnover of the bourse increased to Tk 259.83 crore on Tuesday from that of Tk 239.08 crore a day before.
Market operators said some institutional investors became active on Tuesday.
They said the institutional investors became hopeful that the Bangladesh Bank might change its monetary policy from the second half of the current fiscal as inflation rate in July dropped.
The central bank maintained a contractionary monetary policy for July-December 2012.
Among the major sectors, power gained 0.88 per cent on Tuesday, followed by telecommunications that gained 0.52 per cent.
Pharmaceuticals declined 0.01 per cent, banks 0.56 per cent and non-bank financial institutions lost 0.84 per cent.
Of the 270 issues traded on the day, 135 advanced, 106 declined, and 29 remained unchanged.
Bangladesh Submarine Cable Company topped the turnover leader’s chart with its shares worth Tk 22.28 crore changing hands.
The other turnover leaders were RN Spinning Mills, Jamuna Oil, Keya Cosmetics, Meghna Petroleum, Saiham Cotton Mills, Titas Gas, Grameenphone, Unique Hotel and MI Cement.
-With New Age input
