Stocks decline in Dhaka, Chattogram as most shares lose value

Dhaka, June 30 (UNB) - Stock indices on both the Dhaka and Chattogram bourses fell on Monday, the second trading day of the week, driven by a broad-based decline in share prices and a dip in overall market turnover.

In the Dhaka Stock Exchange (DSE), the key index DSEX dropped by 1 point over the course of the day’s trading.

The other two indices — the Shariah-compliant DSES and the blue-chip index DS30 — also ended in the red.

Out of the 400 companies that participated in the trading, prices rose for 130 companies, declined for 205, and remained unchanged for 65.

Trading begins with index fall in Bangladesh’s both bourses

Share prices declined across all three categories — A, B and Z — with A-category stocks, which typically belong to companies with strong dividend records, showing noticeable losses.

Among the 219 A-category companies, 72 gained, while 118 declined and 29 remained unchanged.

In the DSE block market, the shares of 36 companies worth Tk 20 crore were traded. Lovello Ice Cream topped the block trades with shares worth Tk 4.4 crore changing hands.

The total turnover in the DSE stood at Tk 464 crore, a drop from the previous session’s Tk 494 crore.

Islami Bank emerged as the top gainer on the DSE, with its share price rising by 9.75 percent. On the other end, Bangladesh Industrial Finance Company saw the sharpest decline, losing 7.58 percent.

Decline Also in Chattogram l

The Chattogram Stock Exchange (CSE) also witnessed a decline in indices, with the overall index falling by 41 points.

Of the 229 companies traded, share prices rose for 84, dropped for 105, and remained unchanged for 40.

Turnover in the CSE amounted to Tk 25 crore, down from Tk 35 crore in the previous session.

Similar to Dhaka, Islami Bank led the gainers in Chattogram as well with a 9.97 percent rise, while Uttara Finance and Investment hit the bottom with a 9 percent decline.