Stocks finish flat

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BSS, Dhaka :After hitting records last week, Dhaka Stock Exchange (DSE) showed sluggish trend on Sunday as transaction declined due to slower demand. DSEX, the broad- based index hit a record high of 4758.37 on January 26 when the daily trade value crossed taka 800-crore mark after several months.The trade volume and index rose on voluminous trading by both individual and institutional investors coupled with active participation of foreign investors. But, many buyers started selling shares on Thursday for profit-taking that halted the rising trend of price index and trade volume and value.The slow trend continued on Sunday and as a result the price index finished flat at the day’s close. DSEX finished at 4787.66 with a marginal 34.49 points or 0.72 percent rise. The Shariah- based index, DSES, also inched up by 5 points or 0.51 percent to 979.28, but the blue-chips DS30 closed slightly down at 1660.24.The daily trade value came down to taka 697.67 crore from Thursday’s taka 856.98 crore.Out of trade 292 issues, 157 advanced, 115 incurred loss and 20 remained static.Last week market was dominated mostly by petroleum and banking issues. The trend continued at the first trading session of the week. Besides, issues from aviation, pharmaceuticals and engineering were among the day’s most active issues.Major gaining sectors of the day were textile, insurance, pharmaceuticals and engineering when the major losers were food and allied, aviation and fuel and power.

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