Dhaka stocks fell again on Sunday, after advancing in the last trading session of the past week, as cautious investors chose to observe the ongoing market volatility amid the rising economic concerns and the budget declaration ahead, market operators said.
DSEX, the key index of the Dhaka Stock Exchange, decreased by 18.29 points, or 0.34 per cent, to close at 5,233.66 points on the day after gaining 23.43 points in the previous trading session.
The key index in the previous week had hit below the 5,300-point mark for the first time after 2021.
Investors decreased their trading activity on the day, with the total turnover on the DSE falling to Tk听349.49 crore on Sunday compared with Tk听374.48 crore on May 30.
Market operators said that increasing economic concerns, including the ongoing reduction in foreign exchange reserves in the country had left a negative impression on investors.
The foreign investment in the capital market of the country also halved in the past two years, according to Bangladesh Bank data.
They said that margin sales, or forced sale pressures at the brokerage houses were a key reason for the market鈥檚 recent continued downfall, also the news of National Board of Revenue鈥檚 possible move on imposing capital gain tax on individual investors further contributed to the negative vibe.
In the past 15 weeks, the market moved forward in only three weeks.
Of the 391 issues traded on the day, 124 advanced, 219 declined and 48 remained unchanged.
The DSE Shariah index decreased by 6.43 points, or 0.56 per cent, to close at 1,137.26 points on Sunday.
The DS30 index lost 7.79 points, or 0.41 per cent, to finish at 1,867.04 points.
On the sectoral front, pharmaceutical issues exerted the highest turnover, followed by textile and food shares.
EBL Securities in its daily commentary said, 鈥楧espite showing slight resilience with the benchmark index remaining afloat till mid-session, sellers regained their control, which wiped out all the early gains and pushed the core index to dip into negative territory again.鈥�
Beach Hatchery topped the turnover chart on the day with its shares worth Tk听13.85 crore changing hands.
Asiatic Laboratories, Alif Industries, Orion Pharma, eGeneration, Orion Infusion, Golden Son, Far East Knitting & Dyeing Industries, Central Pharmaceuticals, and Rupali Life Insurance were the other turnover leaders.
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