Dhaka stocks extend losses, Chattogram index edges up

Dhaka's stock market slipped further on the third trading day of the week, while Chattogram's bourse closed with a marginal gain on Tuesday.

Most shares on both exchanges ended lower despite the mixed movement in indices.

The key index of the Dhaka Stock Exchange (DSE), DSEX, dropped 24 points at the end of the session. The Shariah-based DSES lost 6 points, while the DS30 index, comprising blue-chip stocks, fell by 9 points.

Of the 394 issues traded on the DSE, 93 advanced, 239 declined, and 62 remained unchanged.

Prices fell across all three categories-A, B, and Z. In the A-category, which includes well-performing, dividend-paying companies, 60 out of 215 saw gains, while 128 declined and 27 remained flat.

In the DSE's block market, shares worth Tk 56 million changed hands across 22 companies. SEML Lecture Equity Management Fund topped the block trades with transactions worth Tk 12 million.

The turnover on the DSE stood at Tk 2.29 billion, down from Tk 2.75 billion in the previous session.

Sonali Aansh Industries gained the most on the DSE, advancing 9.20 per cent, while Midland Bank was the day's worst performer, losing 9 per cent.

Chattogram Sees Modest Uptick

Meanwhile, the Chattogram Stock Exchange (CSE) closed slightly higher, with its overall index gaining 3 points.

Out of 176 issues traded, 59 advanced, 81 declined, and 36 remained unchanged.

The total turnover on the CSE stood at Tk 99 million, slightly lower than the previous day's Tk 103.4 million.

Familytex Bangladesh was the top gainer on the CSE with a price rise of 8.70 per cent, while Phoenix Finance First Mutual Fund led the losers, shedding more than 9 per cent.