Dhaka stocks Thursday ended the week's last session with a flat rise in benchmark index and a minor fall in turnover value as investors have adopted 'cautious' policy amid the situation prevailed across the country, experts said.
They said market price which is being observed may not be determined based on rational demand and supply of the capital market.
On the day Benchmark index DSEX rose 0.08 per cent or 4.40 points to close at 4956.09 points. DSE Shariah Index shed 0.04 per cent or 0.54 points to close at 1174.35 points whereas DSE30 also lost 0.06 per cent or 1.27 points to close at 1839.39 points.
Among 310 traded issues, 121 advanced, 146 declined and remaining 43 remained unchanged.
At the end of the day's trading session, the turnover value stood at Tk 3.31 billion which is 15.24 per cent lower than the value observed in previous session.
Dr Mahmood Osman Imam, a Prof. of Finance at the University of Dhaka, said the turnover value is falling marginally as the price is being not determined based on demand and supply.
"Normally, market declines in December and re-bounces in January following the corporate declaration of listed companies. But such kind of scenario is yet to be reflected in the market indicating that investors are adopting cautious investment policy," Mr. Osman told the FE.
Among major sectors, Banking stocks were mostly green with 0.54 percent rise in market capitalisation on the back of expand in spread in banking industry followed by fall in deposit rate to 7.32 percent in November, said a market review of LankaBangla Securities.
On the other hand, Food and allied gained 0.74 percent followed by tannery 2.65 percent and textile 0.77 percent.
On Thursday, Bangladesh Building Systems (BBS) topped the list of day's turnover leaders with a value of Tk 175.41 million followed by IDLC, Saif Powertec, Titas Gas, Western Marine Shipyard, Grameenphone, Enovoy Textile, Square Pharma and Agni Systems.
Wata Chemicals was the day's most gainer with a rose of 6.59 per cent in market price whereas Zeal Bangla Sugar Mills was the worst loser with a fall of 7.23 per cent in market price.
On the port city bourse--Chittagong Stock Exchange (CSE), benchmark index CASPI shed 5.27 points to close 15201.17 points on Thursday.
Among 245 traded issues, 88 advanced, 121 declined and remaining 36 remained unchanged.
At the end of the day's trading session, the turnover value stood at Tk 220.52 million.
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Stock prices remain steady amid lower turnover
FE Report | Published: January 16, 2015 00:00:00 | Updated: November 30, 2026 06:01:00
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