Stocks plunge at DSE as week begins; turnover declines

Stocks opened the week on a negative note at the Dhaka Stock Exchange (DSE) on Sunday as key indices fell sharply, most listed companies lost value and overall turnover declined.

The benchmark DSEX index dropped 49 points during the day’s trading. The DSES, the Shariah-based index, lost 8 points while the blue-chip DS30 index fell 23 points.

Most of the listed companies ended in the red. Out of the traded issues, prices of 246 companies declined, while 99 advanced and 45 remained unchanged.
Market turnover also decreased.

A total of Tk 523 crore worth of shares and units were traded on the premier bourse, down from Tk 591 crore in the previous session.

In the gainers’ list, Mercantile Bank PLC led the table at the DSE with a 5 percent price increase, while ICB Islamic Bank Ltd was the day’s worst performer, losing nearly 6 percent.

Meanwhile, the Chittagong Stock Exchange (CSE) saw no major movement in its key index, though most companies posted gains.

At the port city bourse, 94 issues advanced, 52 declined, and 19 remained unchanged.

Turnover at the CSE increased significantly to Tk 35 crore, compared to Tk 14 crore in the previous session.

Among the top performers, FAS Finance & Investment Ltd rose 10 percent to lead the gainers’ list, while Index Agro Industries Ltd plunged nearly 10 percent, becoming the worst loser of the day.