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Dhaka Stock Exchange (DSE) experienced a downtrend for the fifth consecutive days on Tuesday despite several good news for the capital market.
On Monday, the central bank increased the deadline for the bank’s investment limit to the stock market to December 31, 2023. But the news has failed to attract institutional investors to buy most of the shares at the floor price.
Market insiders said institutional investors are awaiting the withdrawal of the floor price to make a good profit by buying stocks at the lowest price although the regulatory body clearly said the floor price will not be withdrawn until a positive economic situation come worldwide.DSEX, the prime index of the main bourse tumbled 12 points or 0.20 per cent settling at 6,226 points while DSES, the Shariah index fell 3 points or 0.25 per cent and DS30, the blue-chip index declined 2 points or 0.10 per cent.
Turnover, another key indicator of the market, declined on the trading floor settling at Tk 322 crore which was Tk 456 crore in the previous session.
Out of the total 317 issues traded, only 14 advanced, 68 declined and 235 remain unchanged.
Meanwhile, a total of Tk 52 crore of 52 scrips were traded in the block market.
Bd-pratidin English/Golam Rosul
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