Economic Reporter :
Country’s premier bourse, Dhaka Stock Exchange (DSE), witnessed mild correction on Tuesday after adding 103 points in the last four consecutive sessions amid profit booking sell off from the shaky investors.
The market started with upbeat note but observed volatility after half an hour as the risk-averse investors booked some quick gain.
Selling off shares from bank, financial institutions, food, textile, paper and engineering sectors pushed the prime index by 2.3 points down.
The broad index, DSEX closed at 4779.18 points on Tuesday with a loss of 2.28 points or 0.04 percent.
Besides, the two selective indices, Blue Chip index, DSE30 went down slightly by 0.03 points while the Shariah index, DSES went up by 3.96 points to settle at 1664.31 points and 1094.71 points respectively.
On the DSE trading floor, a total number of 125,543 trades were executed in Tuesday’s trading session with a trading volume of 132.93 million securities.
Trading activities increased by 32.3 percent over the last session as the investors took position on lucrative price levels.
Top gainers’ list was mostly dominated by general insurance sector stocks. The general insurance sector dominated the turnover board and grabbed 16.7pc of the day’s total turnover.
Loser took a strong lead over the gainers as out of 354 issues traded, 128 securities gained price while 194 declined and 32 remained unchanged.
Most of the sectors witnessed correction on Tuesday. Among the major sectors based on market capitalization – bank (-0.5pc), financial institutions (-2.3pc), food (-1.4pc), textile (- 1.1pc) and engineering (-0.8pc) sectors witnessed price correction while fuel & power (1.4pc), telecom (0.2pc) and pharma (0.9pc) sectors achieved price appreciation, according to a market operator International Leasing Securities.
