Stocks broke a four-day rally on Monday as investors opted for profit-motivated sell-offs.
Brokers said the market closed lower as risk-averse investors sold shares almost all sectors to pocket some profits.
DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), went down by 88 points or 1.59 per cent to settle at 5,433, after gaining 181 points in the past four straight sessions.
"Stocks fell on quick-profit booking, dragging down by mainly heavyweight banking and financial institution sectors," Khairul Bashar Abu Taher Mohammed, chief executive officer of the MTB Capital told the FE.
The FIs and banking sectors suffered the highest correction of 2.44 per cent and 2.42 per cent respectively.
"This falling trend in the market is mainly driven by negative movement in all the sectors except paper & printing," commented LankaBangla Securities.
Two other indices of the DSE also ended lower. The DS30 index, comprising blue chips, fell sharply by 33 points to finish at 1977 and the DSE Shariah index lost 15 points to close at 1,263.
Total turnover on the DSE fell to Tk 6.86 billion, which was 3.52 per cent lower than the previous day's Tk 7.11 billion.
"Trading activities dipped further as many investors remained watchful ahead of earnings and dividend declarations," commented EBL Securities.
According to International Leasing Securities, the investors opted to book quick gain on shares that witnessed price surges over the last few sessions' uptrend.
The stockbroker noted that issues from almost all the sectors edged lower, where sell pressure in bank, financial institution, engineering and fuel & power sector stocks contributed in notable fall in indices.
Apart from, financial institutions and banking sectors, engineering issues fell 1.96 per cent, followed by power 1.63 per cent, telecommunication 1.32 per cent, pharmaceuticals 0.80 per cent and food & allied 0.77 per cent.
Prices of 71 per cent traded issues declined as 241 issues closed lower, 61 ended higher and 38 remained unchanged on the DSE trading floor.
Beximco was the most traded stocks on the DSE turnover chart with 8.74 million shares worth Tk 241 million changing hands, closely followed by Monno Ceramic Industries, Grameenphone, Queen South Textile and Alif Industries.
Ratanpur Steels Re-rolling Mills was the day's best performer, posting a gain of 9.89 per cent while the Standard Insurance was the worst loser, losing 8.87 per cent.
The port city's bourse, CSE, also ended lower with its CSE All Share Price Index - CASPI- losing 213 points to settle at 16,769.
CSCX, the Selective Categories Index of the CSE, also fell 133 points to finish at 10,138.
The losers beat the gainers as 168 issues closed lower, 58 ended higher and 24 issues remained unchanged on the CSE.
The port city's bourse traded 20.16 million shares and mutual fund units worth more than Tk 842 million in turnover.
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