Dhaka stocks declined for the third trading session on Thursday, the last trading session of the week, with declining turnover as investors anticipated further deterioration in political situation ahead of the election. The benchmark general index of Dhaka Stock Exchange, DSEX, declined to 4,200.96 points, shedding 0.66 per cent or 27.94 points. DS30, the blue-chip index of the DSE, declined by 0.77 per cent, or 11.31 points, to close at 1,447.94 points.
The DSEX and DS30 have now lost 87.90 points and 32.92 points respectively in last three trading session.
The turnover of the bourse declined to Tk 367.56 crore from Tk 374.37 crore in the previous trading session.
Of the 288 shares and mutual funds traded on the day, 79 advanced, 170 declined and 39 remained unchanged.
Market operators said that political situation has become the main consideration for the investors.
Investors are apprehending further deterioration in the political front which might lead to further violence across the country which would force investors to adopt ‘wait-and-see’ policy to take next investment decision, they said.
They also said that deteriorating political situation also distorted the business outlook of the country which was another consideration of the investors.
‘As investors fear head-on political clashes in the coming days, they regard no sector safe enough for the time being, initiating another major wave of getting out of all major sectors, causing 28 points write off from DSEX,’ IDLC Investments said in its daily market commentary.
‘Anxiety in market sentiment punished scrips irrespective of cap classes again, especially micro caps.
-With New Age input
