Stocks close lower on week’s last trading day

Both Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) closed lower on Thursday, the last trading day of the week, snapping a four-session winning streak, with overall turnover also declining on both bourses.

The DSEX, the benchmark index of the DSE, shed 25 points during the day’s trading. The Shariah-based index DSES fell 2 points, while the blue-chip index DS30 dropped 15 points.

Losers dominated the trading floor, with 240 companies witnessing price declines against gains in 103, while 52 issues remained unchanged.

Turnover on the DSE fell to Tk 1,118 crore from the previous day’s Tk 1,515 crore.

Techno Drugs Limited topped the gainers’ list on the DSE, rising nearly 10 per cent, while Usmania Glass Sheet Factory Limited was the worst performer, losing more than 9 percent.

The CSE also closed in negative territory, with its general index CASPI falling 55 points.
Here too, losers outnumbered gainers, with 116 companies posting price declines against 86 advancing, while 22 remained unchanged.

Turnover on the CSE stood at Tk 18 crore, down from Tk 32 crore the previous day.
Techno Drugs Limited also led the gainers on the CSE, rising nearly 10 percent, while Hamid Fabrics PLC was the top loser, shedding close to 10 percent.