Large-Cap price fall pushes Stocks lower on Dhaka, Chittagong bourses

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Large-Cap price fall pushes Stocks lower on Dhaka, Chittagong bourses

B Mirror Report: The Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) experienced further declines today as investor concerns over macroeconomic stagnation following recent government austerity measures dampened sentiment, keeping the market under persistent pressure.

The DSEX, the broad index of the DSE, fell 107.5 points to settle at 5,112 points from 5,220 points in the previous session. The market opened sharply lower and remained under sustained selling pressure across most scrips, offering little relief to investors. Market turnover also dropped 18.2 per cent, falling to Taka 5.1 billion from Taka 6.3 billion.

On the sectoral front, Pharma accounted for the highest share of turnover at 16.9 per cent, followed by Engineering (13.6 per cent) and Textile (10.1 per cent), though all sectors recorded negative returns. Mutual Fund (-4.8pc), Ceramic (-3.9pc), and Jute (-3.7pc) were among the worst performers. Out of 397 traded issues, 24 advanced, 351 declined, and 21 remained unchanged.

Meanwhile, the CSE also ended in the red, with the Selective Categories’ Index (CSCX) and All Share Price Index (CASPI) dropping 128.2 points and 228.4 points, respectively.

 

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