DSE turnover slips to 4-month low

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FE Report
Stock prices Wednesday slipped lower on the Dhaka Stock Exchange (DSE) amid a thin trading, the lowest since August 1, 2007. Investors remained cautious to pull down the turnover below Tk 1.0 billion-mark.
The turnover on the prime bourse came down to Tk 980.12 million against Tk 1.60 billion of Tuesday.
Market operators said the recent SEC directives and subsequent withdrawal of the same affected the investors' mood, resulting in the decline in both prices of stocks and turnover Wednesday.
Besides, the investors are eagerly waiting for the direct listing of two state-owned companies -- Meghna Oil and Jamuna Oil -- and keeping a substantial fund reserved for those issues that are expected to be traded by the middle of this month.
"Year-end loan adjustment by the investors and the expenses on account of the ensuing Eid-ul-Azha could also be responsible for the thin turnover," a DSE source added.
Brac Bank was the top turnover leader with shares worth Tk 57.53 million changing hands. UCBL was the second turnover leader with Tk 49.88 million traded.