Dhaka stocks witnessed another fall on Tuesday, as investors remained cautious amid a downward trend on the market, market operators said.
DSEX, the key index of the Dhaka Stock Exchange, decreased by 0.07 per cent, or 4.18 points, to close at 5,774.58 points on Tuesday, after losing 85.31 points in the previous trading session, the opening session after a five-day closure.
The Dhaka bourse remained closed from April 10 to April 14 on the occasion of Eid-ul-Fitr, one of the biggest religious festivals of the Muslims, Pahela Baishakh, the first day of Bengali New Year, and weekly holidays.
Market operators said that the price indices started the session with a jump, but saw a sharp fall immediately after that to end eventually in the negative trajectory.
Though the indices decreased, the market saw an increased participation of investors on the day, as the turnover on the DSE increased to Tk聽540.23 crore compared with that of Tk 367.53 crore in the previous trading session.
Before the week before the closure, the DSE was on a losing streak for seven consecutive weeks with a total decrease of 595.03 points in its key index.
The ongoing economic crisis of the country and global geopolitical tensions are major reasons for the investors being rattled on the trading floor, market operators said.
They said that multiple other factors were working behind the bearish trend of stocks, such as lack of investor confidence, liquidity crisis in banks and sudden change of policies.
Of the 397 issues traded on the day, 173 advanced, 169 declined and 55 remained unchanged.
On the sectoral front, pharmaceutical issues exerted the highest turnover, followed by textile and food stocks.
EBL Securities in its daily market commentary said, 鈥楾he overall market sentiment has yet to rebound due to lack of significant catalysts to counter the prevailing pessimism pervading across the trading floor.鈥�
The DSE Shariah index decreased by 1.95 points, or 0.15 per cent, to close at 1,264.06 points on Tuesday.
The DS30 index lost 2.18 points, or 0.10 per cent, to finish at 2,012.70 points.
Beacon Pharmaceuticals PLC topped the turnover chart on the day with its shares worth Tk 29.36 crore changing hands.
Taufika Foods and Lovello Ice-cream PLC, Fu-Wang Ceramic Industries Ltd, Paramount Textile PLC, Asiatic Laboratories Limited, Uttara Bank PLC, Fu Wang Food Ltd, Shinepukur Ceramics Limited, Orion Infusion Ltd and Alif Industries Limited were the other turnover leaders.