Dhaka stocks declined on Monday after a four-day bull run with a decreased turnover amid fresh political tension after the 10th national elections held on Sunday.
The polls were boycotted by the main opposition alliance led by the BNP.
DSEX, the benchmark general index of Dhaka Stock Exchange, dropped to 4,296.34 points, shedding 0.41 per cent or 17.75 points.
Market operators said investors became nervous as they thought that the crisis on the political front would deepen after the polls held amid violence and boycott by the main opposition alliance.
DS30, the blue-chip index of the bourse, however, added 0.06 per cent or 0.95 points to finish at 1,506.03 points on Monday.
Of the 288 shares and mutual funds traded, 92 advanced, 157 declined and 39 remained unchanged.
The turnover of the DSE
declined to Tk 315.62 crore from Tk 370.83 crore in the previous trading session.
‘The market broke its four-session rally in the maiden session after the 10th national elections,’ IDLC Investments said in its daily market commentary.
Affected by the existing ambiguity in political scenario, turnover retracted by 15 per cent as participants were watchful about investment outlook, it said.
Lankabangla Finance led the turnover leaders with its shares worth Tk 16.94 crore changing hands.
Golden Son, Unique Hotel and Resorts, Active Fine Chemicals, Appollo Ispat Complex, Generation Next Fashions, Summit Purbanchol Power Company, Beximco, Olymic Industries and Singer Bangladesh were also among the other turnover leaders.
Bangas gained the most with a 7.74-per cent rise in its share price, while Rahima Food lost the most, shedding 7.27 per cent.
-With New Age input
