Indices closed lower last week as investors were seen moving to the sidelines amid declining stock prices and turnover in the market.
DSEX, the benchmark index of the Dhaka Stock Exchange, lost 1.1 per cent to close at 5,416.4 points while the average daily turnover declined 34.2 per cent to Tk 583.8 crore during the week.
Last week, the Bangladesh Bank barred non-bank financial institutions with less than 10 per cent capital adequacy ratio and more than 10 per cent default loans from declaring any dividend and the highest dividend amount has been capped at 15 per cent cash, according to the weekly market review of EBL Securities.
The notice dented the sentiment of investors over the financial stocks.
Consequently, the apex regulator, the Bangladesh Securities and Exchange Commission, has unveiled a draft rule to form a stock market stabilisation fund with the unpaid dividend of Tk 21,500 crore, the market review added.
Investors welcomed the move from the regulator in its efforts to keep the market vibrant, said several stock brokers.
Beximco was the most traded stock of the week with a turnover of Tk 539 crore, contributing 23 per cent of the total in Dhaka bourse.
Aramit Cement (22.1 per cent), Robi (11.2 per cent) and Orion Pharma (10.8 per cent) registered the highest gain last week.
The top three stocks posting the highest weekly losses are NCCBL Mutual Fund-1 (14.4 per cent), Prime Finance First Mutual Fund with (9.5 per cent) and Anlima Yarn Dyeing (7.8 per cent).
Among the traded issues, 121 gained, 126 declined and 118 remained unchanged during the week in Dhaka Stock Exchange, whose market capitalisation stands at Tk 466,956 crore.
