Dhaka stocks witnessed a slight rise on Sunday, as sellers became dominant after the first hour of trading on the day, market operators said.
DSEX, the key index of the Dhaka Stock Exchange, increased by 3.00 points, or 0.05 per cent, to close at 5,247.13 points on the day after gaining 82.74 points in the previous trading session.
The key index started with a jump on Sunday, but started falling after one hour of the session to end on a flat zone, market operators said.
Investors increased their activity on the day, as the total turnover of the Dhaka bourse increased to Tk聽486.74 crore, comparing with that of Tk聽452.94 crore in the previous session.
In the past 18 weeks, the DSE moved forward in only four weeks.
Market operators said that the index started increasing on bargain hunting after prices of most of the shares came down heavily due to the recent plunges in prices.
They said that the recent subdued market sentiment was due to investors being unhappy with the new budget measures related to the capital market, and the growing economic concerns, especially the ongoing decline in the country鈥檚 foreign exchange reserves.
Of the 398 issues traded on Sunday, 111 advanced, 232 declined and 55 remained unchanged.
The DSE Shariah index increased by 0.59 points, or 0.05 per cent, to close at 1,146.65 points on the day.
The DS30 index gained 2.02 points, or 0.10 per cent, to finish at 1,877.50 points.
On the sectoral front, pharmaceutical issues exerted the highest turnover, followed by the food and textile shares.
EBL Securities in its daily commentary said, 鈥楽ubsequent selling pressure from risk-averse investors eroded most of the early gains and led the majority of scrips to observe corrections.鈥�
Sea Pearl Beach Resort & Spa topped the turnover chart on the day with its shares worth Tk聽20.82 crore changing hands.
Linde Bangladesh, Orion Pharma, Beach Hatchery, Orion Infusion, Asiatic Laboratories, Rupali Life Insurance, British American Tobacco Bangladesh, Square Pharmaceuticals and Unique Hotel & Resorts were the other turnover leaders.