DSE stocks fall, while CSE stocks rise

The benchmark index of the Dhaka Stock Exchange (DSE) on Tuesday also failed to settle in green territory for two consecutive sessions as investors’ profit-booking sell-offs continued across the trading board, while renewed buying activity, in particular in large-cap scrips, helped the market to end on a flat note.

DSEX, the broad index of the DSE, edged down by 1.3 points to settle at 4,954 points, as opposed to 4,955 points in the previous trading session.

Although opening on an optimistic note, with the broad index adding around 30 points until the mid-session, selling pressure emerged gradually as the session progressed that eroded the early gains and ultimately pushed the index slightly into negative territory by the close.

Meanwhile, market turnover fell by 6.4 per cent to Taka 4.5 billion as against Taka 4.9 billion in the previous session.

On the sectoral front, Pharma (14.5 per cent) issues exerted the highest turnover, followed by Textile (14.1 per cent) and Bank (13.5 per cent) sectors. Most of the sectors displayed mixed returns, out of which Life Insurance (-1.7 per cent), Paper (-1.7 per cent) and General Insurance (-1.2 per cent) exerted the most corrections on the bourse on Tuesday, while IT (0.6 per cent), Pharma (0.6 per cent) and Ceramic (0.5 per cent) exhibited the most positive returns.

Out of the 397 issues traded, 107 were advanced, 224 were declined, and 66 remained unchanged.

The port city bourse, CSE, however, settled on a positive zone. The Selective Categories’ Index (CSCX) and All Share Price Index (CASPI) increased by 22.4 points and 28.2 points, respectively.