Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
The stock markets in Dhaka and Chattogram witnessed a significant decline in indices on Sunday, the second trading day of the week, with most listed companies seeing a drop in share prices.
While turnover in Chattogram rose slightly, it declined in Dhaka.
At the Dhaka Stock Exchange (DSE), the benchmark index DSEX fell by 10 points. The other two indices also declined-Shariah-based DSES by 4 points and the blue-chip DS30 index by 6 points.
Out of the 396 companies that participated in trading, the share prices of a majority fell. Against 100 gainers, 215 companies saw a decline in share prices, while prices of 81 companies remained unchanged.
Across all three categories-A, B, and Z-most listed companies experienced price drops. Among the 217 A-category companies known for consistent dividend payouts, 48 gained, 128 declined and 41 remained unchanged.
Prices also fell across 36 mutual funds. While 10 funds posted gains, an equal number saw price decreases, and the prices of 16 remained unchanged.
In the DSE block market, shares worth Tk 90 million of 18 companies were traded. Fine Foods accounted for the highest transaction, with shares worth Tk 90 million.
The total turnover at the DSE stood at Tk 2.35 billion for the day, down from Tk 2.78 billion in the previous session.
Baraka Patenga Power was the top gainer on the DSE, with a 9.66 per cent rise in share price. On the other hand, Information Services Network lost over 7.52 per cent, becoming the worst performer of the day.
Chattogram Also Declines
Similar to Dhaka, the Chattogram Stock Exchange (CSE) also recorded a fall in indices. The overall index at the CSE dropped by 26 points.
Of the 184 companies that participated in trading at the CSE, share prices rose for 55, declined for 95, and remained unchanged for 34.
The total turnover at the CSE was Tk 86.8 million, an increase from the previous session's Tk 49.7 billion.
ICB Sonali Bank First Mutual Fund topped the gainers' list at the CSE with a 10 per cent price increase, while SK Trims & Industries dropped over 9 per cent, marking the steepest decline.