DSEX falls for 2nd straight day, down 24 points 

The benchmark DSEX index declined for a second straight day on Tuesday, falling 24 points or 0.33 per cent to settle at 7,036. With this, it shed 53 points in two days.

Its junior partners the Shariah-based DSES index saw the fractional rise of 0.15 points at 1,520 while the blue-chip DS30 index was down about 8 points or 0.30 per cent to 2,589.

Sectors that dragged the benchmark index lower included general bank (-72 per cent), insurance (-1.73 per cent), telecommunication ( -0.48 per cent), financial institution ( -1.44 per cent) and IT ( -1.56 per cent).

Among the companies, Walton Hi-Tech Industries (-51.48 points), Titas Gas ( -5.12 points), Tamijuddin Textiles ( -3 points), Khulna Power Company Limited ( -2 points), Beacon Pharmaceuticals ( -1.89 points), Grameenphone ( -1.75 points), Berger Paints ( -1.72 points), Reneta ( -1.53 points) and Square Pharmaceuticals ( -1.53 points).

However, sectors that pulled the index up included engineering (+ 2.15 per cent), textile (+ 0.61 per cent), pharmaceutical (+0.11 per cent), and jute (+1.66 per cent).

“Dhaka stock continued to lose points as investors’ sell pressure was prevalent on the bourse due to portfolio rebalancing sell pressure, which made the core indices settle in a red trajectory,” said the EBL Securities in a note.

Trading activities were a bit sluggish as most investors preferred to stay on the sidelines, seeking opportunities to take new positions in potential stocks ahead of the December-end declaration session, it said.

The total turnover has decreased by 0.9 per cent, over the previous session, to Tk 1,231 crore. Tannery sector made up 21.5 per cent of the total turnover, followed by pharmaceutical 11.5 per cent, and engineering 9.9 per cent.

Out of the 385 issues traded, 112 advanced, 221 declined, and 52 remained unchanged.

The port city bourse, CSE, settled in red terrain. The selected indices (CSCX) and All Share Price Index (CASPI) declined by 62.3 points and 102.5 points respectively.

Turnover decreased by 2.65 per cent to Tk 1,242 crore over the previous session backed by pharmaceutical that made up 13.46 per cent of the total turnover.

Fortune Shoes Limited (+4.9 per cent) was the most traded share with a turnover of Tk 77.7 crore, followed by Beximco Ltd, Orion Pharma, Bangladesh Shipping Corporation, National Life Insurance and IFIC Bank.