Business Report :
The prime index of the Dhaka Stock Exchange shed 0.95% to to end the day at 5,265
The stock market indices in Bangladesh extended their downward trend for the third consecutive day, largely due to the poor performance of large-cap and blue-chip shares amid a lack of investor confidence.
DSEX, the broad index of the Dhaka Stock Exchange (DSE), shed by 50.49 points, or 0.95 percent from the previous day before closing the day at 5,265.
Similarly, the DSES index representing Shariah-based companies slipped by 12.40 points, or 1.04 percent, to 1,175.
In the blue-chip segment, the DS30 index dipped by 11.86 points, or 0.60 percent, to 1,953.
The shares of Islami Bank Bangladesh, Grameenphone, Renata, Kohinoor Chemicals, Beacon Pharmaceuticals, National Bank, Al-Arafah Islami Bank, Prime Bank, Orion Pharma and Best Holdings suffered losses.
Of them, Islami Bank alone was liable for 8.52 points.
However, Khan Brothers PP Woven Bag Industries, Bangladesh Shipping Corporation, Pragati Life Insurance, Olympic Industries, Beach Hatchery, Premier Bank, Legacy Footwear Limited, BRAC Bank, LafargeHolcim Bangladesh PLC and Evince Textiles Limited logged profits.
However, none of the companies experienced double-digit growth in share prices, according to the daily market update by LankaBangla Financial Portal.
Khan Brothers PP Woven Bag Industries chalked out over 4 percent growth.
Of the issues that changed hands on the DSE trading floor, 63 saw a price hike, 292 closed lower and 39 did not see any price fluctuation.
Turnover, which indicates the total value of shares traded on the country’s premier bourse, stood at Tk 559 crore, an increase of 3.34 percent compared to the previous trading session.