DSEX ends 7-day rally on profit booking

The benchmark DSEX index fell marginally on Monday, breaking a 7-day rally as investors opted for booking profits.

After setting off higher in tandem with the previous rally in the morning, the index closed in red as the final minutes profit booking sale pulled down the market.

At close, the DSEX fell 8 points or 0.12 per cent to close at 6,489.

Its two other junior indices—the Shariah-based DSES moved down 9 points or 0.64 per cent to 1,416. The blue-chip comprising the DS30 index shed 12 points or 0.52 per cent to 2,361.

“The prime bourse started with enthusiastic note with the insurance sector dominating the trading board but during the mid-session other sectoral issues faced mild correction since cautious investors engage in profit booking sell-offs,” said the EBL Securities in a note.

The market observed an increased in participation as turnover advanced by 2.5 per cent and stood at Tk 974 crore as against Tk 950 crore in the previous session.

On the sectoral front, General Insurance (13.6 per cent) issues exerted the highest turnover followed by Financial Institution (10.7 per cent), Bank (9.8 per cent), Engineering (9.5 per cent), Pharma (9 per cent) stocks.

Most of the sectors displayed positive returns, out of which General Insurance (7.7 per cent), Mutual Fund (1 per cent), and Bank (0.6 per cent) generated the most positive return while IT (-1.6 per cent), Ceramic (-1.5 per cent) and Paper (-1.5 per cent) exerted most negative returns on the bourse today.

Out of the 385 issues traded, 130 advanced, 209 declined, and 46 remained unchanged.

The port city bourse, CSE, also settled in red terrain. The selected indices (CSCX) and All share price Index (CASPI) have declined by 11.4 and 19.5 points respectively.