Home ›› 22 Nov 2021 ›› Stock
Dhaka stocks closed marginally lower on Sunday, as the last-minute selling pressure wiped out all the opening gains.
After a semblance of a relief rally in early trades, the main DSEX index sputtered at the close to end lower after a three-day rally.
It closed down 6 points or 0.08 percent to settle at 7,085, after trading between a high of 7,137 and a low of 7,073.
The Shariah-based index fell marginally 5 points or 0.34 per cent to 1,475 while the blue-chip comprising DS30 index shed 11 points or 0.41 per cent to 2,683.
The trading activities gained momentum due to strong buying and selling pressure as the turnover stood at Tk 1,786 core, up more than 22 per cent over the previous session’s Tk 1,461 crore.
Debutant Acme Pesticides—the agricultural product input makers and distributors---also continued to rise for the sixth consecutive day hitting at the upper limit circuit at 10 per cent to Tk 17.6. It was the largest gainer of the day.
Another newly listed Sena Kalyan Insurance Company continued to rally for the eighth straight session with a rise of 9.76 per cent to over Tk 28, making it the second-largest gainer of the day.
Bank booked the highest gain of 2.24 per cent. Out of the top gainers, seven came from the banking sector led by First Security Bank, Standard Bank, One Bank, Social Islami Bank, Mutual Trust Bank, Premier Bank and EXIM Bank.
Food and allied sector also came to the spotlight as the food companies made healthy profits in the first quarter of this fiscal year.
Profit-booking took place mostly on engineering, energy, pharmaceutical, and telecommunication, contributing to the fall of the market.
ACI was the worst loser declining over 11 per cent due to the price adjustment after the record date.
Mithun Knitting shares dived after the news that it received a letter from Bangladesh Export Processing Zone Authority (BEPZA) to sell the factory building, machinery and all other assets of the company for realizing outstanding dues payable to the workers, BEPZA, and customs.
Beximco Ltd was the most traded stock, followed by IFIC Bank, One Bank, First Security Bank, NRB Bank, Delta Life Insurance and Premier Bank.
