Stocks fall again as DSE turnover hits two-month low

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Dhaka, Sept 22 - Stocks continued to fall for the second straight day on Monday with the turnover at the Dhaka Stock Exchange (DSE) hitting a two-month low, while both Dhaka and Chattogram bourses seeking their key indices declining.

The DSEX, the prime index of the DSE, shed 44 points at the close of the day’s trading, while the Shariah-based DSES lost 8 points and the blue-chip DS30 dropped 11 points.

The turnover at the DSE stood at Tk 544 crore, the lowest since July 3 when it was Tk 506 crore. After that, the market gradually rebounded with turnover crossing Tk 1,000 crore before slipping back to the Tk 500-crore range amid two weeks of consecutive losses.

Out of 397 issues traded, prices of 303 declined, 44 advanced and 50 remained unchanged.

All three categories — A, B and Z — witnessed a downward trend. In the A category, which offers the highest dividends, 159 companies saw their prices fall against 28 gainers, while 32 remained unchanged.

In the block market, shares worth Tk 20 crore of 17 companies changed hands, with Prime Bank leading the turnover at Tk 11 crore.

GQ Ball Pen Industries Limited topped the gainers’ list with an over 8 percent rise, while Baraka Power Limited hit the bottom, losing more than 10 percent.

At the Chittagong Stock Exchange (CSE), the overall index slipped by 120 points. Out of 201 issues traded, 151 declined, 33 advanced and 17 remained unchanged.

The turnover at the port city bourse stood at Tk 20 crore, up from Tk 14 crore in the previous session.

Beximco Green Sukuk gained 10 percent to top the gainers’ chart at the CSE, while Baraka Power also ended at the bottom there with a loss of more than 10 percent. - UNB