Dhaka stocks fall for second day

• DSEX drops 47 points, extends losses
• Turnover rises despite broad market decline
• NBFIs, food shares lead sectoral fall

Dhaka stocks extended losses today with the main index closing lower as non‑bank financial institutions (NBFI) and food & allied shares dragged the market down for a second straight session.

The DSEX, the benchmark index of the bourse, dropped 46.63 points, or 0.85 percent, to close at 5,377, according to DSE data.

Other indices also had negative performances as the Shariah-based DSES and the blue-chip DS30 declined.

Turnover, a key indicator of investor activity, stood at Tk 787.48 crore, up from Tk 736.81 crore in the previous session, reflecting higher investor participation despite the market downturn.

The market closed in red as all large-cap sectors posted negative performance, said BRAC EPL Stock Brokerage Ltd in its daily market update.

Block trades, high-volume transactions involving large numbers of securities, contributed 2 percent of the overall market turnover.

Market breadth was mostly negative, with 85 issues advancing against 282 declining, while 34 remained unchanged.

Among the major sectors, NBFIs led the fall, sliding 1.43 percent, followed by food & allied 1.31 percent, telecommunication 1.20 percent, banks 1 percent, fuel & power 0.95 percent, pharmaceuticals 0.74 percent and engineering 0.73 percent.

CVO Petrochemical Refinery was the most traded share with a turnover of Tk 27.2 crore, BRAC EPL said.

On the day's performance table, Global Islami Bank surged 10 percent to top the gainers' list, while Bangladesh Industrial Fin Co dropped 8.11 percent, becoming the worst performer of the session.