Staff Reporter :
After a week distance, the main index of country’s stock on Sunday indices experienced a decline as investors grappled with uncertainty stemming from recent alterations in the criteria for downgrading companies to the “Z” category, influencing overall market sentiment.
DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), dropped by 53 points or 0.83% to close at 6,283 points, while the blue-chip index DS30 lost 27 points to settle at 2,129 on the day.
Market insiders pointed out that the regulatory body’s inconsistent decisions regarding downgrading companies to the “Z” category have created uncertainty and diminished investor confidence. 22 companies stocks likely to be downgraded to Z.
Country’s stock market has fallen consecutively into a decline. On Sunday, prices of shares and units of most of the companies dropped on a daily basis.
The downward trend marked the extension of the falling streak for five consecutive days, resulting in a loss of 164 points.
Meanwhile, the turnover value at the DSE experienced a 14% decline, falling below the Tk1,000 crore mark and settling at Tk924 crore by the end of the session.
Out of the total traded scrips, 107 advanced, 256 declined, and 29 remained unchanged.
The Chittagong Stock Exchange’s all-share price index CASPI also saw a decline of 202 points, closing at 18,088.
In the opening of the trading started with the share prices of most companies, DSE’s main index up by 11 points. At one stage of trading the main index of DSE increased by 24 points as the share prices of most companies continued to rise. But after the end of the first hour of trading, the scenario of the market started to change.