Written by The Banking Post
Dhaka’s equity market lost momentum last week, ending a three-week winning streak as investors booked profits after a sustained rally.
The benchmark DSEX fell 90.5 points, or 1.61%, to close at 5,523.78, according to Dhaka Stock Exchange data. Other indices also dropped: the DS30, which tracks blue-chip shares, declined 1.45% to 2,151.08, while the DSES, covering Shariah-compliant companies, shed 2.74% to 1,196.31.
Turnover slipped to Tk 5,748.31 crore, down from Tk 6,491.73 crore a week earlier. Daily average turnover came to Tk 1,149.66 crore versus Tk 1,298.34 crore the prior week.
“Although the week opened on a bullish note, sentiment turned cautious mid-week, sparking three straight sessions of selling as investors offloaded recently appreciated stocks,” EBL Securities said in its market review. Bargain-hunters helped lift prices on the final trading day, partly trimming losses.
The engineering sector led activity with 11% of daily traded value, followed by pharmaceuticals & chemicals, and textiles. Financial institutions topped sectoral gains, up 2.99%, while travel & leisure, services & real estate, and mutual funds also advanced.
Market breadth was negative: 102 scrips rose, 260 declined and 35 were unchanged.
Top performer CAPM BDBL Mutual Fund 01 jumped 24.04%, while Trust Islami Life Insurance slid 20.63%.
