FE Report
Dhaka stocks slightly dropped Tuesday led by banks, mutual funds, insurance, pharmaceuticals, energy and power issues amid a decline in turnover.
Merchant banks' cautious move on loan disbursement and media reports on investigation on activities of four merchant banks by the Securities and Exchange Commission (SEC) have worried the investors, sending the market into the negative territory, according to the analysts and market operators.
"Merchant banks will not disburse fresh loans at the revised ratio unless the clients repay the earlier loans," a market operator told the FE about the reason of lower liquidity flow in the stock market.
Dominated by losers, the total turnover slightly came down to Tk 1.97 billion from previous day's Tk 1.99 billion.
The indices--benchmark Dhaka Stock Exchange General Index (DGEN), the All Shares Price Index (DSI) and the DSE-20 Index (DS20)--shed 7.85 points, 7.05 points and 13.95 points to close at 2969.80, 2496.01 and 2343.40 respectively.
The main index DGEN, however, rose to more than nine points in the middle of the trade and later it began to dip towards close of the trade.
Out of 235 issues traded on the day, 55 advanced, 163 declined and 17 remained unchanged.
However, the total market capitalisation crossed Tk 800 billion-mark just after a three-day gap on the back of debut trading of Continental Insurance that saw over 57.50 per cent rise in its share prices to finish at Tk 157.50 per share.
Dhaka stocks slightly drop
FE Team | Published: February 13, 2008 00:00:00 | Updated: February 01, 2018 00:00:00
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