Stocks retreat on week’s first trading day

Stocks in Bangladesh closed lower on Sunday, the first trading day of the week, with both the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) posting index declines amid a reduced turnover.

At the DSE, the benchmark DSEX shed 5 points by the end of the session. The Shariah-based DSES fell 6 points, while the blue-chip DS30 slipped 3 points.

Market breadth was evenly split, with prices of 162 companies advancing against declines in 162 others, while 69 issues remained unchanged.

The turnover at the DSE dropped by more than Tk 1.0 billion from the previous session, with shares and units worth Tk 4.78 billion traded, down from Tk 5.87 billion on Thursday.

In the block market, shares of 48 companies worth Tk 180 million changed hands, with Fine Foods Limited topping the list after selling shares worth Tk 40 million.

Kay & Que (Bangladesh) Ltd emerged as the top gainer on the DSE, rising more than 8.5 per cent, while DBH First Mutual Fund lost nearly 10 per cent to end as the day’s worst performer.

The CSE also ended in the red, with its key index CASPI falling 48 points.

On the port city bourse, prices of 72 companies declined against gains in 66, while 30 issues remained unchanged.

The turnover at the CSE stood at Tk 60 million, down from Tk 70 million in the previous session.

Navana CNG Limited topped the CSE gainers’ chart with a 10 per cent rise, while Pragati Insurance Limited lost nearly 10 per cent to finish at the bottom.