Indices lingered on its slide on Thursday as investors remained on the sidelines.
The prime index of the Dhaka Stock Exchange, DSEX gave up 30 points or 0.7 percent to sink below the 'psychological' threshold of 4,200 points mark. The index is floating around its April 2016 points level.
CASPI, the All Share Price Index of the port city bourse shed 119 points or 0.9 percent to close at 12,769 points.
Most of the sectors exhibited losses, with telecommunications sector registering the highest negative movement of 3.4 percent among the large-cap sectors. Cement exhibited the highest positive movement of 2.2 percent, showed the Daily Stock Market Report of LankaBangla Securities Ltd.
The fall in the telecom sector was largely attributed to the 3.5 percent decline in Grameenphone share prices following the new conflict between the operator and the telecom watchdog BTRC.
Grameenphone's move of taking delivery of huge volumes of network apparatus without BTRC's approval has run into a grey area on the legal front, fueling the pessimistic sentiment of the investors on the stock in an already declining market, said an analyst to The Business Standard.
Selling spree on telecommunications, pharmaceuticals & chemicals, and food & allied sectors have led the market fall on Thursday, said the Daily Market Review of EBL Securities Ltd.
The investors were suffering over falling macroeconomic indicators and policy issues in the banking sector. The sector experienced a 0.4 percent price correction on the last trading session, the report added.
Mozaffar Hossain Spinning Mills Ltd led the top gainers' table posting an 8.8 percent gain, closing at Tk11.1 per share, while Northern Jute Manufacturing Co. Ltd was the day's worst loser with a loss of 7.5 percent, closing at Tk578.5 per share.
The Khulna Power Company Ltd was the most traded stock with Tk19.9 crore turnover, closing at Tk53.7 per share, showed the DSE website.
Out of 352 issues traded, 126 advanced, 173 declined and 53 remained unchanged on the Dhaka Stock Exchange on Thursday.