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The Financial Express

DSE turnover drops below Tk 6.0 billion-mark

Stocks end flat amid growing economic worries


| Updated: July 20, 2022 12:21:35


DSE turnover drops below Tk 6.0 billion-mark

Turnover on Dhaka Stock Exchange (DSE) dipped below Tk 6.0 billion-mark Thursday, as investors were mostly reluctant to put fresh funds in stocks amid growing microeconomic worries.

Turnover, the crucial indicator of the market, fell 17 per cent to Tk 5.80 billion, compared to the previous day’s Tk 7.02 billion.

It was also the lowest single-day transaction in seven weeks since May 26 when turnover was recorded at Tk 5.39 billion.

Meanwhile, stocks were almost flat as investors were mostly cautious amid growing macroeconomic worries.

DSEX, the key index of the DSE, went down by 0.30 points to settle at 6,324. DSEX lost about 43 points in the past three days.

Market operators said the market outlook remains gloomy as investors are concerned about several macroeconomic issues such as energy crisis due to gas shortages, inflationary pressure, depreciating currency, rising Covid-19 cases etc.

The ongoing bearish sentiment made investors cautious while the news of foreign-exchange reserves fell below $40 billion, the lowest level in two years, keeping them more cautious, said a merchant banker.

The DSES Index also shed 0.36 points to finish at 1,377. However, the DS30 Index saw a fractional gain of 0.88 points to close at 2,273.

Losers took a modest lead over the gainers as out of 382 issues traded, 198 declined, 129 advanced and 55 remained unchanged on the DSE trading floor.

Titas Gas was the most-traded stock with shares worth Tk 472 million changing hands, closely followed by Beximco, KDS Accessories, IPDC Finance and JMI Hospital Requisite Manufacturing.

BD Autocars was the top gainer, posting an 8.53 per cent gain while NRB Commercial Bank was the day’s worst loser, losing 35.36 per cent following its price adjustment after the record date.

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