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Dhaka stocks ended almost flat Wednesday with indices and turnover edging down.

Sell-offs in banks continued, with pharmaceuticals joining the club Wednesday. Non-bank financial institutions enjoyed a buying spree, an official with brokerage house IDLC Securities told bdnews24.com.

Investors also opted for privately managed mutual funds as well as some insurers, added the official.

Market watchers said the flat closing was logical as the market is running short of liquidity.

"Investors are not getting access to funds so they have to opt for mixed portfolios of buying and selling to trade," DSE vice president Ahmad Rashid Lali told bdnews24.com.

He added that the bourse would see more of flat trading because of the liquidity crisis.

The DGEN or general index remained relatively stable across the day and slipped 6.48 points or 0.21 percent to close at 3019.75.

The DSI or all-share price index ended on 2561.72, falling 1.18 points or 0.04 percent from the previous day.

The bourse's blue chip DSE-20 shed 17.81 points or 0.73 percent to 2403.95.

Turnover edged down to Tk 3.50 billion from Tuesday's Tk 3.70 billion, with 25,520,358 shares changing hands.

Of the traded issues, 79 gained and 145 declined, with 13 issues holding steady.

AB Bank topped the turnover board and fell 0.70 percent to Tk 4091.50.

AIMS 1st Mutual Fund ended on Tk 15.65, up 6.60 percent.

Market major Square Pharmaceuticals declined 1.40 percent to Tk 5071.50 following Tuesday's gains.

Z category scrip UCBL continued to gain from the previous day, rising 7.47 percent to Tk 5681 while Union Capital returned from Tuesday's losses to end on Tk 118.40, up 12.76 percent.

Among the other scrips on the turnover board, Grameen Mutual Fund One, Lanka Bangla Finance, IDLC and United Leasing also advanced.

Apex Adelchi Footwear lost after investors locked in profits.

Indices on the Chittagong Stock Exchange ended lower, despite huge gains in mutual funds and leasing & finance, while ICT, paper and footwear shares suffered the largest decline.

The CSCX or selective categories index fell 25.27 points or 0.45 percent to 5522.81 while the CASPI or all-share price index ended on 8584.39, losing 19.11 points or 0.45 percent.

The CSE-30 blue-chip index decreased 24.81points or 0.32 percent to 7617.23.

Turnover on the port city's bourse edged up to Tk 468.98 million from Tk 424.96 million the previous day from 3,511,610 traded shares.

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