Bangladesh
4 days ago

DSE slips after eight days as investors book profits

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The key index of the Dhaka Stock Exchange (DSE) ended low on Sunday, as investors moved to lock in profits following a broad-based rise in stock prices.

The DSEX, the benchmark index of the DSE, decreased by 37.21 points to settle at 5,354.83.

The recent winning streak at the capital market came to a halt after eight consecutive sessions of gains, as investors moved to lock in profits following a broad-based rise in stock prices, according to EBL Securities.

The DS30 Index, which represents blue-chip stocks, lost 31.62 points to close at 2,058.15, while the DSES Index, comprising Shariah-compliant companies, fell by 8.14 points to end at 1,164.56.

The market opened on a positive note, supported by lingering investor optimism. However, this early momentum faded as a wave of late-session selling—driven by portfolio rebalancing and lackluster earnings reports from large-cap companies—pushed the index into negative territory, according to EBL Securities.

Turnover, a key gauge of market activity, stood at Tk 8.65 billion — down 9.11 per cent from the previous session.

Out of 399 issues traded on the DSE, 117 advanced, 232 declined, and 50 remained unchanged.

British American Tobacco Bangladesh Company Limited led the turnover chart, with shares worth Tk 393.40 million changing hands. Other active stocks included City Bank, Bangladesh Shipping Corporation, Dhaka Bank PLC., and BRAC Bank PLC..

The Chittagong Stock Exchange (CSE) also closed lower, with the All Share Price Index (CASPI) falling by 49.58 points to 14,964, and the Selective Categories Index (CSCX) falling 32.35 points to 9,162.

The port city bourse witnessed a turnover of Tk 109.77 million, with 6.58 million shares and mutual fund units traded.

farhan.fardaus@gmail.com

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