DSEX sheds 16.62 points amid modest see-saw

The bear-run continued to hit stock markets for the fifth running session Thursday as investors' confidence remained shaky amid prolonged political unrest.
Investors went for selling spree from the beginning which sustained throughout the session amid modest see-saw. DSEX, the prime index of the Dhaka Stock Exchange (DSE) went down further by 16.62 points or 0.35 per cent to close at 4,664.91 points.
The DS30 index, comprising blue chips lost 6.78 points or 0.39 per cent to close at 1,730.94 points. However, the DSE Shariah Index (DSES) advanced 1.41 points or 0.12 per cent to close at 1,112.51 points.
Turnover on DSE improved slightly, but remained below Tk 3.0-billion-mark and amounted to Tk 2.66 billion, which was 19.8 per cent higher from Tk 2.22 billion in the previous session.
The investors' attention was mostly focused on textiles, bank and power - the sectors that accounted for 22 per cent, 17.6 per cent and 12.3 per cent of the day's total turnover respectively.
"The market endured its bearish streak for the last fifth consecutive sessions amid the prolonged political strife," said International Leasing Securities.
Activity from market participants remained shaky as their confidence about the market outlook continued to deteriorate, said the International Leasing.
LankaBangla Securities said: "Market set for a steep correction for the fifth consecutive session as bearish stance continued to batter market sentiments".
"All eyes are now on the government's move on issue of arrest warrant for opposition leader as court has not yet rejected the petition," said the stock broker.
IDLC Investments said: "The humdrum declining trend extended for another session, coupled with anemic activities drive mostly by capital protection motivation".
Activities fueled by debutant caused a 20 per cent hike in turnover. The stock posted relatively lackluster performance compared to recent IPOs, advancing by only 6.0 per cent at the day end, faltering on disappointing quarterly declaration, said the merchant bank.
Among the major sector, bank dragged 1.27 per cent down followed by telecommunication 0.45 per cent, NBFI 0.31 per cent and pharma 0.29 per cent while dividend expectations in Lafarge Surma Cement drove cement to be the highest gainer with 1.9 per cent gain
The losers took a modest lead over the gainers as out of 303 issues traded, 145 declined and 113 advanced while 45 remained unchanged on the DSE floor.
Activities increased in the major bourse where volume and trade were up by 27.44 per cent and 64.91 per cent respectively. A total number of 0.105 million trades were executed in the day's trading session with trading volume of 67.94 million securities.
The market capitalisation on DSE stood at Tk 3,173.53 billion against Tk 3,173.92 billion in the previous session.
Shasha Denims, which made debut Thursday, was the most traded stock with shares worth Tk 358.63 million changing hands followed by SPCL, Lafarge Surma Cement, Summit Alliance Port and SIBL.
The port city bourse, Chittagong Stock Exchange (CSE) also closed in red with its Selective Categories Index - CSCX - lost 56.11 points to close at 8,666.88 points.
Losers beat gainers 133 to 67, with 28 issues remaining unchanged at the port city bourse that traded 8.44 million shares and mutual fund units, turnover value of Tk 311.89 million.
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