Stocks ended lower on Tuesday, a day after the finance minister held a marathon meeting with the capital market stakeholders to revive the investors' confidence.
DSEX, prime index of Dhaka Stock Exchange (DSE), went down by 30.74 points or 0.62 per cent to settle at 4928, after adding 27 points in the past three straight sessions.
Finance Minister AHM Mustafa Kamal said on Monday after the meeting that the government would continue to support the capital market and decided to speed up the process of listing of state-owned enterprises to help revive the country's ailing capital market.
Market analysts said finance minister's meeting with capital market stakeholders failed to attract investors amid lack of confidence.
The investors did not find proper guidelines from the meeting of concerned stakeholders with finance minister for restoring investors' confidence in the country's worsening capital market, said International Leasing Securities.
A leading broker said the recent bearish trend kept most of the investors in gloomy mood and they maintained cautious stance, dragging the market down once again.
The telecom regulator's strict stance towards GP, soaring non-performing loans coupled with liquidity crunch continued to hunt investors' sentiment, he said.
The market opened on positive vibe, adding 31 points within first hour of trading, but profit booking sell pressure led the index fall in the later part of the session.
The port city's bourse, the Chittagong Stock Exchange, also ended lower with its All Shares Price Index (CAPSI) -- CASPI-- losing 112 points to close at 14,950 and the Selective Categories Index - CSCX - shedding 69 points to finish at 9,076.
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