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Stocks finished down Monday due to sell-offs, mostly in banking and leather majors to lock in profits. "A buying spree led majors in pharmaceuticals and chemicals, power, mutual funds and non-bank financial institutions to witness their share prices increase," an official of Anchor Securities told bdnews24.com.

Turnover and the trading volume on the country's twin bourses however rose from the previous day. Market participators termed the day's trading flat and said that everything was looking "quite okay".

"The indices closed slightly lower as buying occurred in favourable issues despite massive selling in banking majors," Bashir Ahmed, an investment consultant with brokerage house Stocks and Bonds told bdnews24.com.

DSE vice-president Ahmad Rashid said the fall in indices and trading patterns seemed normal in the current market situation. "As the market is suffering from a bit of liquidity crisis, it is pretty normal to witness this pattern," he said.

The DGEN or general index fell in the first two hours of trading and remained stable afterwards to finish 14.50 points, or 0.46 percent lower at 3087.43. The DSI or all-share price index ended on 2603.67, falling 9.14 points, or 0.35 percent from the previous day.

The bourse's blue chip, DSE-20, lost 6.21 points, or 0.26 percent, to close on 2366.78. Turnover rose to Tk 2.84 billion from Sunday's Tk 2.81 billion, with 19,241,810 shares changing hands. Decliners beat advancers 141 to 86 while thirteen issues remained unchanged.

AB Bank topped the turnover board and fell 1.45 percent to Tk 4273.75 after investors locked in profits. IFIC Bank ended on Tk 127.75, down 2.35 percent while AIMS 1st mutual fund gained 2.84 percent to close at Tk 13.73 due to buying spree.

Square Pharmaceuticals continued to gain, rising 0.65 percent to Tk 4679.50. Footwear major Apex Adelchi fell 4.89 percent to close at Tk 3709. Among the other scrips on the turnover board, Lanka Bangla Finance, ACI, Summit Power, Keya Cosmetics and One Bank rose on buying pressure.

Indices on the Chittagong Stock Exchange also ended lower due to huge losses in leather and ceramics sectors. The CSCX or selective categories index slumped 54.21 or 0.96 percent to 5589.99 while the CASPI or all-share price index ended on 8644.27, up 74.86 points or 0.85 percent.

The CSE-30 blue-chip index surged 53.10 points or 0.69 percent to 7570.68. Turnover on the port city bourse declined to Tk 394.22 million from 2,989,623 traded shares, from Tk 356.20 million the previous day.

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