Stock market plunges on week’s 1st trading day
Business Desk:
The stock markets in Dhaka and Chattogram witnessed a sharp fall on the first trading day of the week, with all major indices declining and most company shares losing value on Sunday.
At the end of day’s trading session, the benchmark index DSEX of the Dhaka Stock Exchange (DSE) dropped by 29 points. Among the other indices, the Shariah-based DSES fell by 4 points, while the blue-chip DS-30 declined by 9 points, reports UNB.
Out of the 399 companies that participated in trading on the DSE, the share prices of 274 companies fell, while only 58 companies saw an increase.
Meanwhile, the share prices of 67 companies remained unchanged.
In terms of categories, the share prices in all three categories – A, B and Z- mostly declined. Among the 36 mutual funds that were traded, most remained unchanged in price, while three funds gained value, and 11 saw a decline.
The total transaction value on the DSE amounted to Tk 336 crore, compared to Tk 353 crore in the previous trading session.
Among the traded shares, Titas Gas topped the gainers’ list with a price increase of 7.28%, while Alif Industries Limited suffered the steepest decline, losing 10% of its value.
Chattogram Market Also Falls
Similar to Dhaka, the Chattogram Stock Exchange (CSE) experienced a significant downturn.