The capital bourse faced broad-based profit booking pressure on Tuesday, as investors locked in recent gains and turned cautious amid volatile market momentum. This nearly wiped out two weeks of index gains.
The DSEX, the broad index of the Dhaka Stock Exchange, fell by 1.58 percent, losing 89.3 points to settle at 5,538 points, marking its lowest level in seven days.
Market momentum remained downbeat for most of the session, with mounting sell pressure on the majority of scrips dragging the market indices lower. Market turnover also decreased by 16.0 percent, dropping to Tk1,177 crore.
On the sectoral front, the Pharma sector led turnover, accounting for 12.9 percent of the total, followed by Engineering and Textile sectors, each contributing 10.2 percent.
Most sectors displayed dismal returns, with Ceramic, Travel, and General Insurance sectors seeing the largest declines of 3.3 percent, 3.2 percent, and 2.8 percent, respectively. On the other hand, Life Insurance and IT sectors showed marginal gains, each rising by 0.3 percent.
Out of the 397 issues traded, 65 advanced, 301 declined, and 31 remained unchanged.
The port city bourse, CSE, also closed in negative territory. The Selective Categories Index (CSCX) and the All Share Price Index (CASPI) plunged by 127.3 points and 202.5 points, respectively.
