Following a prolonged period of decline, the nation’s stock market saw some upward movement last week. In a market that is trending upward, some businesses have also taken the opposite course. The share prices of these companies have declined, as opposed to rising. This list of price reductions is headed by Zaheen Spinning. Due to price decreases throughout the week, the company’s share price has collectively dropped by more than 9 crore taka in just four days.

The price of the company’s shares has dropped over the course of the week due to the general lack of interest from investors. The company has thus taken the top spot on the Dhaka Stock Exchange (DSE) in terms of price declines.

Over the previous week, the share price of the company has dropped by 11.94 percent. The price of each share in terms of taka has decreased by 80 paisa. As a result, the company’s share price has decreased by 9 crore 10 lakh 62 thousand 694 taka in one week. At the end of the last working day of the week, the company’s share price stood at 5 taka 90 paisa, which was 6 taka 70 paisa at the end of the last working day of the previous week.

The company, which has seen such a decline in share price, last paid a 1.25 percent cash dividend to investors in the year ending June 30, 2023. Earlier, the company paid a 5 percent bonus share in 2019, a 10 percent bonus share in 2018, and a 15 percent bonus share dividend in 2017 and 2016.

The company, which was listed on the stock market in 2015, has 113,828,368 shares. Of these, 31.10 percent are held by entrepreneurs and directors. Of the remaining shares, 44.30 percent are held by general investors and 24.60 percent by institutional investors.

HR Textile was on the list of price declines last week after Zaheen Spinning. The share price of this company fell by 10.95 percent throughout the week. New Line Clothing is in the next place with a price decline of 8.75 percent.

In addition, the top 10 companies with price declines last week included Meghna Petroleum (8.23 percent), Emerald Oil (6.97 percent), Maxon Spinning (6.94 percent), Aramit Cement (6.40 percent), Miracle Industries (6.23 percent), Bengal Windsor Thermoplastics (5.82 percent), and Amra Technology (5.82 percent).