Dhaka stocks fell after a gain in the previous session, as a section of investors sold shares to book profits after the recent surge in share prices, market operators said.
The key index of the Dhaka Stock Exchange, DSEX, decreased by 48.93 points, or 0.82 per cent, to close at 5,903.83 points, after gaining 84.81 points in the previous session.
The turnover on the DSE decreased on the day, as investors reduced their activity across the trading board.
The DSE posted Tk 999.01 crore as turnover on the day, while the figure was Tk聽1,243.98 crore in the previous session.
Investors started showing increasing interest on the market for most of the sessions after August 5, following Sheikh Hasina鈥檚 resignation as prime minister and fleeing from the country on the day, ending her 15-year rule amid an unprecedented student-led mass uprising against her authoritarian regime.
Market operators said that the market fell as the heightened optimism was gradually cooling down due to weakening strength of the market鈥檚 momentum.
They pointed out that most of the economic indicators in the country were in a bad situation, which put investors into confusion whether they participate in the market or not.
Market operators said that the market鈥檚 improvement would depend on how committed the new administration was to the market.
Of the 398 issues traded on Thursday, 91 advanced, 275 declined and 32 remained unchanged.
The DSE Shariah index decreased by 5.62 points, or 0.44 per cent, to close at 1,264.72 points on the day.
The DS30 index lost 17.69 points, or 0.80 per cent, to finish at 2,179.34 points.
On the sectoral front, bank issues exerted the highest turnover, followed by the pharmaceutical and food shares.
EBL Securities in its daily commentary said, 鈥楾he market remained sale-dominant throughout the session as the investment appetite of market participants has been somewhat weakened after the market heated up and registered substantial gains recently driven by investor euphoria following the changes in the country鈥檚 political environment.鈥�
Grameenphone topped the turnover chart on the day with its shares worth Tk聽85.52 crore changing hands.
BRAC Bank, Heidelberg Materials Bangladesh, Unilever Consumer Care, Square Pharmaceuticals, DBH Finance, Marico Bangladesh, British American Tobacco Bangladesh, City Bank and Techno Drugs were the other turnover leaders.
