Stock market ends week with decline in indices
Business Desk :
The final trading session of the week saw a decline in indices on both the Dhaka and Chittagong stock exchanges on Thursday.
Despite the drop in indices, share and unit transactions in the stock exchanges witnessed an increase.
On the day, the benchmark DSEX index of the Dhaka Stock Exchange (DSE) fell by 5 points, reports UNB.
Among the other indices, the Shariah-based DSES also declined, whereas the selective blue-chip DS-30 index rose by 6 points.
The total transaction value at the DSE stood at Tk 497 crore for the day, up from Tk 482 crore in the previous session.
Out of the 397 companies that participated in the trading, most saw a decline in share prices.
While 138 companies recorded a price increase, 199 companies saw a drop, and 60 remained unchanged.
In terms of category-wise performance, the majority of shares in the A and B categories experienced a price decline.
Meanwhile, the Z category remained relatively neutral, with 34 of the 95 traded companies gaining in value, another 34 declining, and 27 remaining unchanged.
In the block market, 24.90 lakh shares of 30 companies were traded for a total value of Tk 17.44 crore. Khan Brothers led the transactions, selling shares worth Tk 3.99 crore.
Midas Financing PLC topped the DSE gainers’ list with a 9.30persent price increase, while United Commercial Bank saw the biggest drop, losing 6.92% of its value.
Decline in Chittagong Similar to Dhaka, the Chittagong Stock Exchange (CSE) also saw a decline in indices. The overall index of the CSE dropped by 7 points.
Despite the index fall, the total trading volume at the CSE increased.
The stock exchange recorded transactions worth Tk 8.47 crore, compared to Tk 6.94 crore in the previous session.
Among the 188 companies that participated in trading at the CSE, 80 witnessed a price increase, 79 saw a decline, while 29 remained unchanged.
Sonar Bangla Insurance Limited led the gainers at the CSE with a 10% increase, whereas Central Insurance Company Limited registered the highest loss, declining by 9.91%.