Dhaka stocks declined on Thursday after eight trading sessions as the investors went for profit-taking apprehending that the market might fall next week should the budget fail to offer any stimulus.
The benchmark general index of the Dhaka Stock Exchange, DSEX, finished at 4,028.12 points, losing 0.49 per cent or 19.91 points on Thursday.The DSEX had gained 364.05 points in the last eight trading sessions after losing 219.41 points in the earlier three.
Market operators said the investors were in a selling mood to make profits as the share prices had increased significantly in the last eight trading sessions.
Compared with the recent increase in the share prices the day’s fall was not significant, they said.
If the budget proposal fulfils the expectation of the investors the market might increase further in the coming days, they observed.
The old key index of the bourse, DGEN, declined by 0.22 per cent, or 9.88 points, to close at 4,300.743 points.
The DGEN had gained 415.61 points in the last eight trading sessions after losing 201.75 points in the earlier three.
DS30, the blue chip index of the bourse, finished at 1,500.73 points, increasing 0.12 per cent or 1.83 points on the day.
The DS30 had gained 140.31 points in the last eight trading sessions after losing 61.77 points in the earlier three.
The turnover of the bourse declined to Tk 631.63 crore from the previous session’s Tk 660.85 crore.
Square Pharmaceuticals led the turnover chart as its shares worth Tk 26.48 crore changed hands.
Eastern Lubricants led the gainers’ list as the price of its shares went up by 8.69 per cent while Janata lost the most, 10.63 per cent.
-With New Age input