The broad index of the premier bourse witnessed another major correction on Tuesday and settled at the lowest ebb in last five and a half month amid ongoing selling pressure.
On the day, the broad index of the Dhaka Stock Exchange (DSE) displayed free fall started from the beginning of the session and continued till closure.
The price correction witnessed by most of the securities pushed the key index below 5250-point mark.
The turnover also hit a record low as many investors refrained from injecting fresh funds.
At the end of the session, the DSE broad index DSEX settled at 5248.91 points with a loss of 1.14 per cent or 60.55 points.
The shariah based index DSES declined 1.33 per cent or 16.43 points to close at 1212.36 points.
The DS30 index comprising blue chip securities went down by 1.29 per cent or 24.54 points to close at 1876.81 points.
According to International Leasing Securities, the shaky investors opted to liquidate their holding of shares from all of the sectors to escape further losses which contributed to the big fall in indices.
"Activity from the participants dropped further to Tk 2.7 billion as many investors preferred sidelines to observe the market," said the International Leasing Securities.
Of 344 issues traded, 59 advanced, 253 declined and 32 were unchanged.
The share price of Esquire Knit Composite declined 6.0 per cent or Tk 2.70 within four days of listing with the stock exchanges.
The company made its debut trading on April 9 last with an offer of price of Tk 45 and the share price closed at Tk 42.30 each on Tuesday on the DSE.
The market turnover stood at above Tk 2.69 billion which was 8.81 per cent less than the turnover of the previous session.
Of total turnover, Tk 70.52 million came from transactions executed in the block board.
"The market opened with a negative note and continued the declining trend till closure amid excessive selling pressure by cautious investors. Investors' participation declined amid lack of confidence," said EBL Securities.
It also said investors exerted selling pressure on sector specific stocks especially from fuel & power, pharmaceuticals & chemicals and telecommunication sectors.
Of the major sectors which witnessed price correction, bank declined 0.70 per cent, engineering 1.20 per cent, financial institutions 1.30 per cent, fuel & power 1.90 per cent, pharmaceuticals & chemicals 1.70 per cent, telecommunication 1.50 per cent, services & real estate 0.80 per cent, and textile 1.20 per cent.
Investors' interest was focused mostly on engineering sector which grabbed 13.40 per cent of the market turnover followed by pharmaceuticals & chemicals 13.20 per cent, bank 11.30 per cent, textile 10.40 per cent and tannery 7.70 per cent.
Monno Ceramic Industries topped the turnover chart with a value of Tk 175 million followed by Fortune Shoes Tk 143 million, Bangladesh Submarine Cable Company Tk 102 million, Reckitt Benckiser (Bd.) Tk 81 million, and Square Pharmaceuticals Tk 71 million.
Small cap companies dominated the chart of top 10 gainers of the premier bourse DSE.
Standard Ceramic Industries was the number one gainer with a rise of 9.98 per cent or Tk 16.10 to close at Tk 177.40 each.
Reckitt Benckiser (Bd.) was the day's worst loser after declining 19.44 per cent to close at Tk 2501.70 each.
Meanwhile, all price indices declined on the Chittagong Stock Exchange (CSE) as most the listed securities closed in red.
The benchmark index CASPI settled at 16100.83 points with a loss of 1.15 per cent or 187.98 points.
Of 218 issues traded, 39 advanced, 149 declined and 30 were unchanged and the turnover stood at above Tk 115.57 million on the port city bourse CSE.
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