Dhaka, Bangladesh (BBN)– Dhaka stocks closed flat on Tuesday but turnover value went down for the third running session.

Raised margin requirement for the brokerages and strike put negative impact on the market, market operators said.

Investors’ presence at the brokerage houses was thin, but most of them traded through mobile phone due to countrywide dawn-to-dusk strike called by the opposition, they said.

The market started the day with a strong note, but profit taking cut the early gain, leading it to close flat.

The benchmark DSE General Index (DGEN) finished at 8602.44 with a rise of 0.03 percent or 3.03 points. The broader All Shares Price Index (DSI was up by 0.03 per cent or 2.67 points to end at 7135.16. The DSE-20 Index comprising blue chips shed 0.15 per cent or 8.01 points to 5119.13.

The day’s turnover shrank to BDT 19.22 billion, down by 15 percent over the previous session. Out of the 230 issues traded, 109 advanced, 117 declined, and four remained unchanged.

Banking issues closed flat with majority of the banks featuring in the top turnover table. Non-banking financial institutions and general insurances lost more than one per cent. Pharmaceuticals and fuel and power gained slightly by 0.67 per cent and 0.30 per cent respectively.

BBN/SSR/AD-01Dec10-12:32 am (BST)