The turnover was Tk 30.07 crore on Thursday, Tk 38.64 crore on Wednesday and Tk 59.90 crore on Tuesday.

"During the last few days, participation of the key institutional investors in the capital market was very low, which might have caused thin trade," said DSE Chief Executive Officer Salahuddin Ahmed Khan.

Besides, market analysts identified the existing tight monetary policy as one of the key reasons behind the continuous slide in share prices and indices. They said the central bank recently mopped up a big chunk of money from the money market through banking instruments.

They also attributed the downtrend to the upcoming share offload of Power Grid Company of Bangladesh (PGCB). "Investors are waiting for investing in the PGCB shares," said a DSE member.

The PGCB will start share offloading on the country's bourses on October 9. The state-owned power company will join the stock exchanges by releasing 91,08,940 shares with a face value of Tk 100 each to raise around Tk 91.09 crore from the capital market.

The company will put 86,53,493 shares for sale to general public/institutions at market price while it will keep 4,55,447 shares to be sold to the directors and employees of the PGCB at the face value.

Severe power outage in various parts in the city during the last couple of days is also one of the reasons for low turnover, commented some market analysts.

On the DSE yesterday, losers overwhelmed gainers as the bear dominated the market. Of the total 172 issues traded, 93 declined, 53 advanced and 26 remained unchanged.

Besides, share price indices also went down on the day. DSE All Share Price Index went down by 8.50 points or 0.65 per cent to close at 1289.51 points yesterday while the DSE General Index declined by 10.64 points or 0.68 per cent to close at 1551.88 points.

DSE-20 Index, which comprises blue chips, also went down by 13.69 points or 1.01 per cent to close at 1338.80 points.

A total of 45,16,483 shares worth Tk 25.21 crore changed hands on the DSE yesterday.