Country’s both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) closed week in downbeat following liquidating pressure from risk-averse investors.
DSE slipped to red after a single session break as investors mostly followed cautious stance and booked quick gain.
Extending trend of previous session, market started with optimism, but morning cheerfulness reversed within the first one and half an hour as risk-averse investors opted to liquidate their investment ahead of year-end dividend declarations and quarter-end earnings disclosures, fearing decline the earnings and dividend amid the ongoing pandemic.
The optimistic investors although took positions in general insurance, cement and telecom sector stocks but they failed to hold plunging he indexes.
The broad index, DSEX settled at 4916.97 points on Thursday, the last working day of the week, with a loss of 17.49 points or 0.35 percent.
Besides, two selective indices, Blue Chip index, DSE30 and Shariah index, DSES went down 8.29 points and 3.13 points to settle at 1669.37 points and 1108.79 points respectively.
On the DSE trading floor, a total number of 173,049 trades were executed in Thursday’s trading session with a trading volume of 368.22 million securities.
DSE’s turnover, a crucial indicator of the market, plunged by 11 percent over last session as the investors preferred sideline in making investment. The turnover stood at Taka 7.93 billion from Taka 8.88 billion in the previous session.
Losers took lead over gainers as out of 355 issues traded, 106 securities gained price while 202 declined and 47 remained unchanged.
