The Dhaka Stock Exchange (DSE) witnessed a substantial 34% drop in turnover, reaching Tk412 crore, with key indices reflecting a bearish trend. The DSEX index fell by 10 points to 6,238, and the DS30 index declined by 5 points to 2,088. Similarly, the Chittagong Stock Exchange (CSE) experienced a 33-point drop in the CASPI index, closing at 18,507. Market activity witnessed 342 traded issues, with 32 advancing, 119 declining, and 178 remaining unchanged.
EBL Securities attributed the red territory closure to profit-booking sell pressure, as cautious investors opted to realize gains amid wavering market confidence. The dominance of sellers created a downbeat atmosphere, while some optimistic investors sought gains in specific trendy scrips. Despite the overall decline, First Prime Finance Mutual Fund led daily gainers with a remarkable 9.92% return. Investor concerns persisted about floor prices, as most listed scrips lacked buyers at or above the levels imposed by regulators in July 2022, indicating market challenges and a need for sustained investor confidence.