Equities on the Dhaka Stock Exchange (DSE) finished the week in the red for a second straight time, as sustained selling pressure and weak investor participation dragged the market further down.
The key index, DSEX, slipped 73.9 points or 1.3 percent to close at 5,450, according to weekly market data. The DS30, which represents blue-chip stocks, dropped 2 percent to 2,107, while the Shariah-based DSES index shed 1.5 percent to settle at 1,178.
Turnover also took a hit, declining to Tk 3,505 crore from the previous week’s Tk 5,748 crore. On a daily average, turnover stood at Tk 701 crore, marking a 39 percent week-on-week fall.
EBL Securities noted in its weekly review that, while some selective stocks saw buying interest ahead of anticipated earnings and dividend declarations, overall sentiment remained subdued. “Market activity was largely dictated by persistent selling pressure and cautious positioning of investors,” it said.
Among sectors, pharmaceuticals led trading with 13.1 percent of total turnover, followed by engineering (11.6 percent) and banks (10.9 percent). Still, most sectors ended the week with losses, with financial institutions posting the sharpest drop of 6.5 percent.
Market breadth remained negative, as 306 issues declined against 68 gainers, while 23 remained unchanged.
Envoy Textiles emerged as the week’s top gainer, rising 18.7 percent, whereas Prime Finance & Investment recorded the steepest fall, losing 27.6 percent.
LND/SAE
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