Dhaka Stock Exchange witnessed a second consecutive session of losses today (30 March) as persistent sell-offs, fueled by rising US-Israeli tensions over Iran, dragged the benchmark index down. The DSEX fell 41 points to close at 5,230.
Despite declining prices for 59% of listed stocks, turnover slightly increased by 2.69% to Tk663.87 crore, according to DSE data. The other key indices also ended lower, with the DSES down 5 points to 1,061 and the blue-chip DS30 falling 19 points to 1,979.
Among traded stocks, 111 advanced, 231 declined, and 51 remained unchanged.
Trading opened on a positive note at 10 am but lasted only seven minutes before selling pressure gripped the market, pushing indices into the red. Selling intensified in the latter part of the session, keeping stocks under pressure throughout the day.
EBL Securities said in its daily report that investor sentiment remained cautious amid ongoing geopolitical tensions in the Middle East and a nationwide fuel shortage.
"The market continued its losing streak for the second consecutive session, as investors shifted focus from large-cap stocks to momentum-driven speculative scrips," the report said. "Despite a firm start, broad-based selling emerged midway through the session, intensifying toward the close and dragging the index lower."
On the sectoral front, Pharma stocks accounted for the highest share of turnover at 18.2%, followed by Engineering at 11.7% and Banks at 9.7%.
Among gainers, Hakkani Pulp and Paper led with a 9.92% rise to Tk88.6, followed by Intech Ltd with a 9.41% gain to Tk43 and IFIC First Mutual Fund up 7.69% to Tk4.2.
Prime Finance was the top loser, slipping 9.25% to Tk4.9, followed by FAS Finance down 8.57% to Tk3.2 and Fareast Finance falling 8.33% to Tk3.3.
The port city bourse, Chittagong Stock Exchange, also ended in negative territory. Its CSCX and CASPI fell by 7.1 points and 17.7 points, respectively