Stocks end week sharply lower as indices tumble on DSE, CSE

UNB :

Stocks ended the week on a sharp downturn on Thursday as key indices of both the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) fell significantly, with the majority of listed companies witnessing price declines.

The market opened on a negative note at the DSE and failed to recover throughout the session. At the close, the benchmark DSEX index dropped 82 points.

The Shariah-based DSES index lost 13 points while the blue-chip DS30 index declined 33 points.
Most of the listed securities ended lower: prices fell for 308 companies, while 52 advanced and 33 remained unchanged.

Turnover also declined, with shares and units worth Tk 459 crore traded during the session, down from Tk 582 crore in the previous trading day.

In the block market, shares of 34 companies worth about Tk 21 crore were traded, with Orion Infusion PLC leading the chart with transactions worth Tk 4.7 crore. Intech Limited topped the gainers’ list on the DSE with a rise of over 4.5 percent, while First Finance Limited was the worst loser, shedding 10 percent.

Meanwhile, the CSE also experienced a sharp fall as its benchmark CASPI index dropped 192 points. Out of the traded issues, 126 companies declined, 41 advanced and 14 remained unchanged.

However, turnover at the port city bourse increased nearly fivefold to Tk 41 crore, compared to Tk 8 crore in the previous session.

IFL Islamic Mutual Fund-1 emerged as the top gainer at the CSE with a 10 percent rise, while Takaful Islami Insurance PLC was the worst performer, losing 10 percent.