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Dhaka Stocks slip below 5,400-point as IBBL shares fall nearly 10%
Dhaka Stock Exchange
The key of the Dhaka Stock Exchange (DSE) dipped below the 5,400 mark for the first time in 41 days as Islami Bank shares plunged by around 10 percent on Sunday.
Market activity remained sluggish, with daily turnover staying under Tk 400 crore, reflecting continued investor caution. The benchmark DSEX index dropped 83 points, closing at 5,378. This marks the lowest level since August 4, when it hit 5,229 points.
B-category stocks, offering dividends below 5%, led the gainers' list. Fu-Wang Ceramic saw the biggest jump, with its share price surging 9.83%, followed by Fu-Wang Food and RD Food.
By the end of Sunday’s trading session, 180 issues had advanced, 156 had declined, and 56 remained unchanged on the DSE.
Islami Bank was the day's worst performer, with its shares plummeting 9.92%, closing at Tk 55.40. Other notable losers included SIBL, Khan Brothers PP Woven, and National Tea. - UNB