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Bangladesh’s stock markets ended lower on Tuesday despite a positive start, as most companies saw a decline in share prices by the end of the trading session.
At the end of the day’s trading, the key index of the Dhaka Stock Exchange (DSE), DSEX, lost 30 points, UNB reports.
Among other indices, the Shariah-based DSES dropped 6 points, while the blue-chip DS30 index fell 14 points.
Out of 396 issues traded on the DSE, prices declined for the majority. Share prices advanced for 105 companies, fell for 233 and remained unchanged for 58.
In all three categories — A, B, and Z — most companies ended in the red. Among the top-performing A-category companies that usually offer higher dividends, share prices rose for 69, declined for 119, and remained unchanged for 31 issues.
In the block market, shares worth Tk 19 crore of 30 companies were traded, with BRAC Bank topping the list by trading shares worth Tk 6.9 crore.
The turnover on the DSE increased to Tk 606 crore, compared to Tk 530 crore in the previous session.
Social Islami Bank Ltd topped the gainers’ list with a 10% rise, while Information Services Network Ltd was the day’s worst performer, losing more than 8%.
The Chittagong Stock Exchange (CSE) also witnessed a downturn, with its overall index losing 54 points.
Out of 207 issues traded, prices advanced for 74, declined for 108, and remained unchanged for 25.
The CSE’s daily turnover stood at Tk 15 crore, down from Tk 19 crore in the previous session.
Social Islami Bank also led the gainers on the CSE with over 9% price rise, while Zahintex Industries Ltd suffered the biggest loss, shedding more than 10%.