The Dhaka Stock Exchange (DSE) witnessed a setback in the outgoing week, ending a two-week winning streak, with the benchmark index, DSEX, declining by 0.28% to 6,249.29 points. Mounting political tensions led investors to adopt a cautious stance, triggering profit-taking on previously surging stocks.
Analysts attribute the lack of fresh investments to the prevailing floor price and uncertainties in the economic outlook. The market experienced a depressed state due to liquidity constraints, minimal institutional participation, and eroded investor confidence. Among the negative contributors were Sea Pearl Beach Resorts, Emerald Oil Industries, Aftab Automobiles, and Unique Hotel & Resorts. The average daily turnover decreased by almost 2% to Tk 5.85 billion. Most sectors faced price corrections, with the travel and leisure sector leading with a 1.60% decline.
The pharmaceutical sector dominated the turnover chart, accounting for 18% of the total turnover. Notably, ICB AMCL CMSF Golden Jubilee Mutual was the top gainer, surging 30%, while Sea Pearl Beach Resort experienced a significant loss, shedding 22.84%. The Chittagong Stock Exchange (CSE) also concluded lower, with CASPI losing 42 points to 18,541.