Stocks finish flat after bumpy ride

Stocks finished almost flat on Thursday amid volatile trading as investors were active on both sides of the trading fence.

Analysts said a section of the investors bagged some profit while some others remained busy rebalancing their portfolio amid ongoing annual declaration of financial companies, thereby taking the market in flat zone.

After witnessing seesaw movement throughout the session, DSEX settled at 5,625.33 - losing 0.51 point compared to the previous day.

Strong selling and buying spree helped significant rise in the DSE turnover that stood at Tk 13.33b, which was 1.76pc higher than the previous day's Tk 13.10b. The figure is highest since January 25 this year.

Engineering sector led the turnover chart, capturing 19pc of the day's total turnover. Ratanpur Steel Re-rolling Mills, Bangladesh Building Systems, Appollo Ispat and GPH Ispat made it to the top turnover list.

Fuel and power sector was the second highest contributor, capturing 16pc of the day's total trade value.

The losers took a modest lead over the gainers as out of 328 issues traded, 164 closed lower, 126 closed higher and 38 remained unchanged on the DSE trading floor.

LankaBangla Finance led the DSE turnover with about 9.80m shares of Tk 560m changing hands, followed by Beximco, Titas Gas, Baraka Power and Ratanpur Steel-Re-rolling Mills.

IPDC Finance was the day's highest gainer, posting a 9.32pc rise while RN Spinning Mills was the worst loser, plunging by 9.42pc following its annual declarations.