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2 days ago

Dhaka stocks rebound, Chattogram index dips

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After two consecutive days of decline, the Dhaka Stock Exchange (DSE) rebounded on Tuesday, though the Chattogram bourse saw its key index fall.

Despite the contrasting index movements, the share prices of most companies rose in both markets, UNB reports. 

The benchmark DSEX index of the DSE gained 18 points, while the Shariah-compliant DSES added 5 points and the DS30, comprising blue-chip companies, advanced 8 points.

Out of 390 issues traded on the DSE, 221 advanced, 104 declined, and 75 remained unchanged.

Prices rose across all three categories—A, B, and Z. In the A category, which consists of fundamentally strong and dividend-paying companies, 106 out of 213 traded issues posted gains, while 70 declined and 37 remained unchanged.

But, most mutual funds saw price declines. Among the 36 funds that traded, 13 lost value, 10 gained, and 13 closed flat.

In the block market, shares of 31 companies worth Tk 230 million changed hands. Orion Infusion Limited topped the block trade list with shares worth Tk 110 million.

The total turnover at the DSE stood at Tk 2.97 billion, up from Tk 2.88 billion in the previous session.

Fu-Wang Food emerged as the day’s top gainer with a 10 per cent rise, while United Commercial Bank (UCB) shed over 6 per cent, making it the day’s worst performer on the DSE.

CSE Index Falls

While Dhaka saw a modest upturn, the Chattogram Stock Exchange (CSE) closed in the red. The overall CSE index dropped by 7 points at the end of trading.

Of the 174 companies traded at the CSE, 69 advanced, 65 declined, and 40 remained unchanged.

Turnover at the CSE stood at Tk 66.5 million, a sharp drop from Tk 161 million in the previous session.

Shamrita Hospital gained 10 per cent, topping the gainer list in Chattogram, while Uttara Finance and Investment Limited fell by the same margin, ending as the worst loser.

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