Stocks slip into red amid volatile trading

Stocks returned to the red Monday, after closing higher in the past two consecutive sessions as investors went for quick profit amid persistent unstable situation in the political arena.
The market opened with a positive note, but could not sustain. DSEX, the prime index of the Dhaka Stock Exchange (DSE) went down by 26.65 points or 0.59 per cent to close at 4,506.55 points, after gaining 90.40 points in the past two sessions.
The two other indices also closed in the red. The DS30 index, comprising blue chips lost 9.49 points or 0.55 per cent to close at 1,711.57 points. The DSE Shariah Index (DSES) shed 8.37 points or 0.75 per cent to close at 1,096.37 points.
Trading at DSE remained relatively higher in the session. Total turnover crossed Tk 3.0 billion-mark and stood at Tk 3.14 billion, registering an increase of 17.16 per cent over the previous day's value of Tk 2.68 billion.
The investors' attention was mostly concentrated on pharma, power and engineering - the sectors that accounted for 18.5 per cent, 13.4 per cent and 12.3 per cent of the day's total turnover respectively.
"Unstable political scenario kept the investors in indecisive mode, causing the market closed in red territory," said International Leasing Securities, in its daily market analysis.
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