Stocks down amid investors sell pressure

Equity indices of the stock exchanges witnessed a downward trend amid investors selling pressure to booked short term profit in the first one-and-half-hour of trading session on Wednesday.

DSEX, the key index of Dhaka Stock Exchange (DSE) turnover also declined due to countries biggest IPO company Robi's share subscription is going on.

Most of the investors are not active in the secondary market of DSE as they are standing in line to subscribe country's second largest telecom company Robi's share. They rather withdraw money for Robi share, said some brokerage firms official.

Following the investors movement 174 companies share price declined, while only 63 issues advanced and 81 issues price remain unchanged during the session till 11:30 am at the Dhaka Stock Exchange (DSE).

In this session, DSE main index DSEX declined by 21.52 points or 0.43% to 4,883.

The benchmark index CASPI at the Chittagong Stock Exchange (CSE) lost 51 points to 13,995.

Moreover, the Shariah-based DSES index fell by 2.88 points to 1,124 and the blue-chip index DS30 lost 8.84 points to 1,695.

Turnover, another major indicator of the DSE, dropped by 23% to Tk193.20crore.

However, securities regulator BSEC has sought to the central bank for Tk13,000 crore fund with low interest to support capital market as well as market intermediaries to comeback from the novel coronavirus hit.