Dhaka, Ctg stock markets fall

Business Desk :

The Dhaka Stock Exchange (DSE) and Chattogram Stock Exchange (CSE) closed lower on Thursday, with major indices declining as most traded companies saw share prices falling.

The benchmark DSEX index of the Dhaka Stock Exchange fell by 10 points, closing lower for the day, reports UNB.The Shariah-compliant DSES index dropped by 4 points, while the blue-chip DS-30 index declined by 6 points.

Out of 398 companies traded, 204 saw price declines, 105 posted gains, and 89 remained unchanged. A-category stocks performed similarly, with prices rising for 53 companies, falling for 119, and remaining static for 46.In B-category stocks, prices increased for 29 companies, declined for 47, and stayed unchanged for 15. Among Z-category stocks, 23 companies recorded gains, 34 posted losses, and 28 remained unchanged.

Newly listed N-category stocks also suffered, with prices of all four companies declining.
Mutual funds fared slightly better, with 5 funds gaining value, 10 declining, and 22 remaining static. Meanwhile, one of two corporate bonds traded experienced a price increase, while the other saw a decrease.

In block market transactions, 29 companies traded 2.1 million shares with a total turnover of Tk 8.96 crore.
Sectoral Overview

The textile sector showed resilience, posting a 2.14% increase in prices. Banking, cement, and corporate bonds also saw slight gains. However, significant losses were recorded in the paper, IT, real estate and telecommunications sectors.

Of the 36 listed banks, 7 registered price gains, 10 experienced losses, and the remainder were unchanged. Midland Bank led the gainers in the banking sector, while Global Islami Bank topped the list of decliners.

Top Movers
Malek Spinning Mills emerged as the top gainer on the DSE, with its share price rising by 9.6%. In contrast, Oimex Electrode was the biggest loser, with its price dropping by 9.33%.
Turnover on the DSE decreased by Tk 57 crore compared to the previous day, with total transactions amounting to Tk 356.26 crore, down from Tk 413 crore.