Stocks continued to end flat amid extreme volatile trade yesterday, as late selling pressure cut early gains.
The market moved between red and green zones the whole day, but finally it closed flat with a lower volume of trade.
The benchmark index DSEX inched 8 points or 0.2% higher to close at 4,443, after hitting highest 4,452 in the morning and lowest 4,436 in the final session.
The Shariah index DSES edged over 1 point lower to 1,077. The blue chip comprising index DS30 continued to witness a fractional fall of 0.5 points to 1,703.
The Chittagong Stock Exchange Selective Category Index CSCX shed 14 points to 8,305.
Lacklustre trading activities continued as the DSE turnover was hovering around Tk300 crore over the last two sessions due to bout of selling pressure for redemption of two mutual funds.
Telecommunications sector was the worst loser declining 0.7%, led by the sector’s lone-listed company, heavyweight Grameenphone.
Engineering sector was the best performer, surging more than 3%, driven by BSRM Limited and BSRM Steel, which rallied on the day after heavy price correction in previous session due to price adjustment with dividend.
Most other sectors, including food & allied, pharmaceuticals, banks, power, textile, cement and non-banking financial institutions closed flat.
The gainers, dominated by mainly low cap issues, took a strong lead over the losers as out of 316 issues traded, 143 closed positive, 111 negative and 62 remained unchnged.
BSRM Limited continued to become the top-traded stocks with a turnover worth Tk18.6 crore.
It was followed by Orion Pharmaceuticals, Quasem Drycells, Lanka Bangla Finance, Malek Spinning and CMC Kamal.