Steepest fall of the year at DSE, CSE as indices plunge

Business Desk :

The country’s two main bourses, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE), suffered their steepest fall of the year on Tuesday, with key indices plunging sharply amid widespread price erosion.

At the Dhaka Stock Exchange, the benchmark DSEX dropped 208 points at the close of trading, the third working day of the week.

The Shariah-based DSES declined by 36 points, while the blue-chip DS30 index shed 85 points.
Most listed companies saw their share prices fall. Of the traded issues, 349 declined, 31 advanced and 11 remained unchanged.

Turnover at the DSE stood at Tk 885 crore, up from Tk 779 crore in the previous session.
In the block market, shares worth about Tk 23 crore were traded involving 25 companies. GQ Ball Pen Industries Limited recorded block transactions of nearly Tk 3 crore.

Standard Islami Bank PLC topped the gainers’ list at the DSE with nearly 9 percent price appreciation, while Northern Jute Manufacturing Company Limited languished at the bottom, losing more than 9 percent.

The Chittagong Stock Exchange also faced a major downturn, with its benchmark CASPI index plunging 414 points.

Of the traded issues at the CSE, 153 declined, 45 advanced and 16 remained unchanged.
The port city bourse recorded a turnover of Tk 23 crore, compared to Tk 19 crore in the previous session.

Bangladesh Industrial Finance Company Limited emerged as the top gainer at the CSE, rising 10 percent, while Asia Insurance PLC was the worst performer, shedding 10 percent.