Bangladesh’s stock market tumbles at week’s start

Dhaka Stock Exchange (DSE) logo_11zon

Dhaka, Oct 12 - Dhaka and Chattogram stock markets opened the week with significant losses on Sunday as all major indices declined and most company shares fell.

At the Dhaka Stock Exchange (DSE), the benchmark DSEX index dropped 81 points to close at 5,202.

Other indices also fell, with the Shariah-based DSES losing 19 points and the blue-chip DS30 index down 34 points.

Out of 396 listed companies that traded, 311 saw their share prices fall, while only 47 companies posted gains and 38 remained unchanged.

Losses dominated across all categories — A, B, and Z. In the high-dividend A category, 175 companies declined in price compared to 27 that gained.

In the block market, shares worth Tk 13 crore of 26 companies changed hands, with Envoy Textiles Limited topping the list at Tk 3.9 crore.

The total turnover at DSE stood at BDT 542 crore, slightly higher than BDT 530 crore recorded in the previous session.

Simtex Industries PLC led the gainers with a rise of over 9%, while Bangladesh Industrial Finance Company Limited suffered the steepest fall of more than 9%.

The bearish trend continued at the Chittagong Stock Exchange (CSE), where the overall index fell 185 points.

Out of 194 traded companies, 147 closed lower, 32 advanced and 15 remained unchanged.

CSE’s turnover stood at BDT 10 crore, down from BDT 22 crore in the previous session.

Simtex Industries PLC led the gainers with a 10% increase, while Union Bank recorded the highest decline of 10%. - UNB