Stocks opened lower on Thursday as the risk-averse investors kept their selling binge on sector-wise issues to avoid further losses.
Following the previous three days' fall, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 36.4 points or 0.54 per cent to stand at 6,626 after the first hour of trading at 11:00 am.
The DS30 index, comprising blue chips, also lost 14.34 points to reach 2,444 and the Shariah Index (DSES) dropped 8.05 points to stand at 1,448.
Turnover, another important indicator of the market, stood at Tk 1.25 billion at 11:00 am.
Market operators said the investors remained cautious and reluctant to make fresh investments in stocks amid the ongoing holy Ramadan.
The ongoing pessimism also held back many investors to stay sidelines, they said.
Of the issues traded till then, 234 declined, 78 advanced, and 54 issues remained unchanged on the DSE trading floor.
GBB Power was the most traded stock till the filing of this report with shares worth Tk 112 million changing hands, closely followed by Sonali Paper, LafargeHolcim, Beximco and Mozzafar Hossain Spinning Mills.
The Chittagong Stock Exchange also opened marginally lower with its All Shares Price Index (CASPI)—losing 49 points stand at 19,617, while the Selective Categories Index – CSCX fell 29 points to reach 11,709 at 11:00.
Of the issues traded till then, 32 advanced, 94 declined, and 17 remained unchanged with Tk 31 million in turnover.