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Dhaka stocks logged a choppy session on Tuesday as investors were reluctant to take a fresh stand towards equities; rather they continued liquidation of their holdings in fears of a bleaker market outlook owing to the ongoing macroeconomic strains and global economic slowdown.
The DSEX, the broad index of the Dhaka Stock Exchange (DSE), managed to remain afloat with a slight gain of 0.3 per cent to settle at 6,450 points.
Among other indices, the DS30, the blue-chip index, lost 4.08 points or 0.17 per cent to close at 2,310, and the DSES, the Shariah-based index, gave up 0.84 points or 0.05 per cent to 1,415.
Turnover, another crucial market indicator, stood at Tk 1,010 crore, which was the lowest in nearly two months, and was 28.7 per cent lower against the tally of Tk 1417.5 crore in the previous session.
The market posted a moderate gain despite see-saw trading till the mid-session, followed by heavy selling pressure, which wiped out the early gains and caused the market to end flat, said EBL Securities, a stockbroker, in its daily market review. On the sectoral front, pharma and chemical topped the turnover chart with contribution of 21.3 per cent to the total turnover, followed by miscellaneous (13.4 per cent) and paper (13.1 per cent) sectors.
Out of the 387 issues traded, 73 stocks advanced, 80 scrips declined, and 234 issues did not see any price movement.
The port city bourse, Chittagong Stock Exchange (CSE), also closed lower with its two major indices — the CSCX and the CASPI — declining by 24 points and 38.1 points respectively.
