Dhaka stocks declined on Thursday, the last trading session of the week, as investors, discoursed by the gloomy political situation in the country, went for sell-offs.
The benchmark general index of Dhaka Stock Exchange, DSEX, decreased to 4,299.58 points, shedding 0.78 per cent or 34.20 points. DS30, the blue-chip index of the bourse, lost 0.69 per cent, or 10.50 points, to close at 1,490.35 points.
Market operators said that investors’ confidence dropped on the day as they found no development on the political front even after the United Nations’ moves in resolving the current political crisis.
The turnover of the DSE declined to Tk 563.65 crore on Thursday from Tk 715.95 crore in the previous trading session.
‘As new surge of fear of chaos gripped the market, it naturally lacked the motivation to stay optimistic and moved between stocks,’ IDLC Investments said in its daily market commentary.
‘Today [Thursday], the market was stumbling from the beginning of the session and turned depressed by the midseason,’ it said.
Of the 290 shares and mutual funds traded, 88 advanced, 178 declined and 24 remained unchanged.
Envoy Textile Mills led the turnover leaders with its shares worth Tk 40.08 crore changing hands on Thursday.
Delta Life Insurance, Golden Son, Generation Next Fashions, Delta Spinning, RN Spinning Mills, United Airways, Bengal Windsor Thermoplastics, Golden Harvest Agro Industries and Beach Hatchery were also among the other turnover leaders.
Purabi General Insurance gained the most with a 9.83-per cent rise in its share price, while Rahima Food lost the most, shedding 8.97 per cent.
-With New Age input
