Dhaka stocks witnessed a huge decrease in the past week, falling for the second consecutive week, as a section of investors chose to realise their gains amid the uncertainty regarding the market, market operators said.
DSEX, the key index of the Dhaka Stock Exchange, decreased by 203.92 points, or 3.45 per cent, in the past week to end at 5,699.92 points, after losing 20.97 points in the previous week.
Amongst five sessions the DSE operated in the past week, it gained in one session and lost in the other four.
Market operators said that investors were confused about the market amid changes in regulatory bodies and bank boards.
The Bangladesh Securities and Exchange Commission also formed an investigation committee to look into the activities of the Dhaka and Chatrogram bourses.
The total turnover on the DSE dropped by 51.30 per cent in the past week, to reach Tk聽3,122.05 crore, compared with that of Tk聽6,411.12 in the previous week.
Market operators said that the investors were worried about the economic indicators of the country.
Of the 394 stocks traded in the past week, 32 went up, 357 went down and five stayed the same.
Investors were mostly active in bank scrips, followed by pharmaceutical and telecommunication shares.
EBL Securities in its weekly market commentary said, 鈥業nvestors preferred to remain watchful amid ongoing reforms within the regulatory body of the capital market, along with the board reformation of particular banking companies.鈥�
鈥楥autious investors opted to trim their exposure to capital market investments due to dwindling confidence, dragging down the benchmark index further despite bargain hunters鈥� efforts to rescue the market by taking positions in certain lucrative scrips following major corrections,鈥� it added.
The DSE Shariah index decreased by 45.64 points, or 3.61 per cent, to close at 1,219.08 points in the past week.
The DS30 index lost by 88.76 points, or 4.07 per cent, to finish at 2,090.59 points.
Grameenphone topped the average weekly turnover chart with shares worth Tk聽57.69 crore changing hands per session.
BRAC Bank, Square Pharmaceuticals, United Commercial Bank, City Bank, British American Tobacco Bangladesh, Olympic Industries, JMI Hospital Requisite Manufacturing, Robi Axiata and Islami Bank Bangladesh were the other turnover leaders.
