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Dhaka stocks ended marginally lower in topsy-turvy trade on Monday after the profit-booking fall in the previous session.
The market kicked off on a positive note and remained positive throughout the whole session but witnessed choppy trade as investors participated in both selling and buying strongly.
The benchmark DSEX index rose 14 points or 0.19 per cent to settle at 7,205 after rising more than 50 points in the early hours.
The Shariah-based DSES index gained slightly 3 points or 0.20 per cent to 1,570 and the blue-chip comprising DS30 index moved up 5 points or 0.21 per cent to settle at 2,651.
Out of 374 issues traded, 174 closed positive, 163 negative, and 37 remained unchanged.
However, the DSE turnover stood at Tk 1,762 crore, down around 14 per cent over the previous session, some funds were invested in Beximco Sukuk bond, according to stock traders.
Beximco -- the flagship company of the Beximco Group -- got the securities regulator’s approval to raise Tk 3,000 crore through the largest ever bond. Of this, Tk 750 crore has been allocated for IPO. The remaining Tk 2,250 crore will be collected through private placement.
“The institutional investors subscribed the bond, leading to the decline of the turnover,” said a stockbroker.
The subscription for the bond will end on September 30.
The low-cap cement sector came to the spotlight soaring over 3.35 per cent led by Lafarge Holcim Bangladesh. The sector was followed by general insurance with a rally of over 3 per cent driven by Bangladesh National Insurance Company Limited.
After performing the best in the previous session, Travel and Leisure sector was the worst performer as it slipped over 2.74 per cent.
Banks, pharmaceuticals, telecom, power, tannery, and life insurance sectors ended the session in the red.
Far Chemical Industries Limited gained most hitting the upper limit circuit breaker at 10 per cent as it expanded its production by setting up the second unit at Narayanganj’s Rupganj Upazila.
Bangladesh Monospool Paper Manufacturing Co. Limited, which was recently brought back to the main market from the OTC market, was the top loser falling almost 9 percent.
The most traded stocks included Beximco, Lafarge Holcim Bangladesh Limited, Rupali Insurance, Beximco Pharmaceuticals and Alif Manufacturing Company Ltd.
