Both the bourses Sunday witnessed free fall in prices of listed securities as investors stayed on sideline and also adopted cautiousness following the ongoing political unrest, stock brokers said.
All major sectors lost prices on Dhaka Stock Exchange (DSE) putting prime index DSEX to 4-month low at 4,716.8 points as the index shed 81.2 points.
DSE Shariah Index lost 1.97 per cent or 22.49 points to close at 1113.84 points whereas DSE30 went down by 1.85 per cent or 32.99 points to close at 1745.80 points.
Among 307 traded issues, only 27 advanced, 261 declined and 19 remained unchanged.
At the end of the day's trading session, the turnover value stood at above 2.23 billion.
Dr. Mizanur Rahman, an associate professor of accounting at the University of Dhaka, said investors remain grief-stricken following the political unrest.
"Amid the sell off, investors stay still on the sideline, watching their gain from the last rally evaporated day by day. The remaining investors sell frantically to protect capital, generating paltry turnover, reaching for rock bottom, which stood at Tk 2.2 billion," said a market commentary of IDLC Investments.
At the very beginning of the week's opening session, the DSEX showed an effort to rise for seven minutes. Shortly afterwards, majority number of listed securities started to be red. Later, the falling trend continued till the closing of session amid investors' sell pressure.
"Trade volume remained low as investors' interest was subdued perceiving uncertainty over resolution of ongoing political chaos. However, some traders capitalised the dip in the market as a buying opportunity," said another stock broker LanakaBangla Securities.
Among the losing sectors, Service and Real Estate performed worst with a fall 5.99 per cent in market capitalisation followed by Ceramic 4.02 per cent, Paper and Printing 3.92 per cent, IT 3.36 per cent and Telecommunications 2.81 per cent.
C & A Textile topped the chart of most traded stocks with a value of Tk 234.81 million followed by Lafarge Surma Cement Tk 124.63 million, Summit Alliance Port Tk 68.91 million, GSP Finance Tk 59.00 million, National Feed Mill Tk 57.94 million, Grameenphone Tk 53.05 million and Western Marine Shipyard Tk 52.53 million.
Gemini Sea Food was the day's number one gainer with a rise of 8.75 per cent in market price whereas Shyampur Sugar Mills was the worst loser with fall of 9.78 per cent in market price.
On Chittagong Stock Exchange (CSE) benchmark index CASPI lost 279.56 points to close at 14450.46 points.
Among 233 traded issues, 36 advanced, 182 declined and remaining 15 remained unchanged.
At the end of the day's trading session, the turnover value stood at above Tk 236.60 million on the port city bourse.
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