Stocks witnessed a sharp downturn on Sunday as major indices of the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) closed significantly lower amid widespread selling pressure.
At the DSE, the benchmark DSEX plunged 138 points. The Shariah-based DSES lost 26 points, while the blue-chip DS30 index fell 52 points.
Most listed companies ended in the red, with 353 issues declining against 30 gainers and six remaining unchanged.
Weekly market wrap: Indices rally at DSE, CSE despite shrinking turnover
The turnover also dropped sharply. The DSE recorded transactions worth Tk 775 crore, down from Tk 947 crore in the previous session.
In the block market, shares of 23 companies worth Tk 24 crore were traded. Orion Infusion posted the highest block turnover at Tk 4.60 crore.
Shinepukur Ceramics PLC topped the gainers’ chart on the DSE, advancing nearly 10 percent, while Bangladesh Welding Electrodes Limited languished at the bottom, shedding around 8 percent.
The CSE also experienced a major slide, with its benchmark CASPI index plunging 245 points.
Out of the traded issues, 138 declined, 35 advanced and 11 remained unchanged.
Stocks advance at DSE, CSE in early trading
The turnover at the port city bourse stood at Tk 12 crore, down from Tk 19 crore in the previous trading day.
Prime Finance and Investment Limited led the gainers at the CSE with a 10 percent rise, while Apex Tannery Limited was the worst performer, losing 10 percent.