Stocks fell last week as investors offloaded shares and mutual fund
units amid implications of the long-drawn political strife across the
country.
DSEX, the benchmark general index of the Dhaka Stock Exchange, fell 53.49 points or 1.10 percent, to close at 4,788.23.
DSES, the shariah index of DSE, slid 21.69 points or 1.89 percent, to finish at 1,128.29.
Stagnancy on the political front and its probable impact on macro-economic landscape put a negative impact on the overall market, IDLC Investments said.
Investors were busy realising gains and no significant fresh funds flowed into the market, keeping overall market turnover lethargic, it said.
Daily average turnover of the week declined 9.64 percent to Tk 264 crore, compared to the previous week.
A few investors bought some fundamental scrips at lucrative prices, but it was not enough to change overall anatomy of the market, the investment bank said.
Investors remained focused on upcoming yearly corporate declarations of the bank stocks, which helped the sector gain 1.5 percent in market cap.
“Investors could not fully avoid the political tension prevailing since January 06, so that they went for sell-offs and remained on the sideline to observe the market,” commented LankaBangla Securities.
Of the 318 issues that traded on the Dhaka bourse, 123 advanced, 178 declined and 17 remained unchanged. Among the major sectors, food and allied gained the highest market cap of 2.25 percent followed by pharma's 0.94 percent.
Conversely, telecoms lost the most with 4.61 percent followed by cement's 4.33 percent, engineering 3.89 percent and power 3.05 percent.
Beximco featured in the most traded stocks' chart with 1.18 lakh shares worth Tk 41.06 crore changing hands, followed by Ifad Autos, Aamra Technologies, Grameenphone, Lafarge Surma Cement and Shahjibazar Power Company.
Bangas was the highest gainer of the week with a 12.91 percent rise, while Bangladesh Shipping Company was the worst loser, plunging 13.31 percent.
DSEX, the benchmark general index of the Dhaka Stock Exchange, fell 53.49 points or 1.10 percent, to close at 4,788.23.
DSES, the shariah index of DSE, slid 21.69 points or 1.89 percent, to finish at 1,128.29.
Stagnancy on the political front and its probable impact on macro-economic landscape put a negative impact on the overall market, IDLC Investments said.
Investors were busy realising gains and no significant fresh funds flowed into the market, keeping overall market turnover lethargic, it said.
Daily average turnover of the week declined 9.64 percent to Tk 264 crore, compared to the previous week.
A few investors bought some fundamental scrips at lucrative prices, but it was not enough to change overall anatomy of the market, the investment bank said.
Investors remained focused on upcoming yearly corporate declarations of the bank stocks, which helped the sector gain 1.5 percent in market cap.
“Investors could not fully avoid the political tension prevailing since January 06, so that they went for sell-offs and remained on the sideline to observe the market,” commented LankaBangla Securities.
Of the 318 issues that traded on the Dhaka bourse, 123 advanced, 178 declined and 17 remained unchanged. Among the major sectors, food and allied gained the highest market cap of 2.25 percent followed by pharma's 0.94 percent.
Conversely, telecoms lost the most with 4.61 percent followed by cement's 4.33 percent, engineering 3.89 percent and power 3.05 percent.
Beximco featured in the most traded stocks' chart with 1.18 lakh shares worth Tk 41.06 crore changing hands, followed by Ifad Autos, Aamra Technologies, Grameenphone, Lafarge Surma Cement and Shahjibazar Power Company.
Bangas was the highest gainer of the week with a 12.91 percent rise, while Bangladesh Shipping Company was the worst loser, plunging 13.31 percent.
