DSE, CSE end week’s first session in red

Trading on the country’s bourses ended on a bearish note on Sunday, the first working day of the week, as both the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed index falls amid declining turnover and broad-based price erosion.

At the DSE, the benchmark DSEX shed 27 points by the end of the session. The Shariah-based DSES fell by 7 points, while the blue-chip index DS30 dropped 15 points.

Most stocks closed lower, with prices of 225 companies declining against 107 gainers, while 60 issues remained unchanged.

The total turnover at the DSE stood at Tk 5.26 billion, down from Tk 5.36 billion in the previous session.

In the block market, shares of 21 companies worth Tk 100 million were traded, with Chartered Life Insurance PLC topping the list with block transactions amounting to Tk 16 million.

Asia Insurance PLC emerged as the top gainer on the DSE, rising nearly 10 per cent, while Familytex (BD) Limited was the worst performer, losing more than 8 per cent.

The Chittagong Stock Exchange also ended in the red, with its overall index CASPI losing 13 points.

At the CSE, prices of 71 companies declined against 66 gainers, while 17 issues remained unchanged.

The turnover at the port city bourse dropped sharply to Tk 90 million, compared to Tk 140 million in the previous trading day.

Phoenix Insurance Company Limited topped the CSE gainers’ list with an almost 10 per cent rise, while Investment Corporation of Bangladesh (ICB) hit the bottom, shedding 10 per cent of its share price.