By sticking to the winning stage for eight consecutive sessions, DSEX, the benchmark index at the Dhaka Stock Exchange dropped by 56 points to settle at 7,202 points on Sunday.
The blue chip index – DS30 – fell 9 points and settled at 2,638 points and the Shariah index – DSES declined 16 points and settled at 1575 points.
One of the core indicators, turnover increased by Tk 11.82 crore or 0.44 per cent and stood at Tk 2,708 crore. Pharmaceutical sector topped the turnover chart covering 12.12 per cent of total turnover.
The life insurance sector gained on the back of the news of the recent regulatory initiative to make all the industries and factories adopt group insurance, it added.
Among major sectors, Life Insurance, Miscellaneous and Food & Allied sectors experienced price appreciation, while Ceramics, Travel & Leisure and Services & Real Estate sectors faced correction.
Out of the 376 issues traded, 83 advanced, 261 declined, and 32 remained unchanged on the Dhaka bourse on the day.
Most of the sectors followed declining trend, out of which Life Insurance (3.8 per cent), Miscellaneous (1.0 per cent), and Food & Allied (0.5 per cent) have exerted the most returns while Ceramic (-4.4 per cent), Travel (-4.1 per cent), and Paper (-3.6 per cent) observed corrections on the bourse.
The port city bourse, Chittagong Stock Exchange (CSE), also ended in fall out. The selected indices (CSCX) and All Share Price Index (CASPI) declined by 84.4 points and 146.8 points respectively.
On Thursday, the DSEX crossed the 7,200-mark and settled at 7,258 points, the highest ever since the index’s inception in 2013.
Source: Business Post