Benchmark Index drops as selling pressure hits DSE

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Benchmark Index drops as selling pressure hits DSE

B Mirror Report: The country’s main stock exchange, the Dhaka Stock Exchange (DSE), witnessed a broad-based decline on Sunday, the first trading day of the week, with major indices and overall turnover falling.

Despite early optimism and gains in most listed securities at the start of trading, the market reversed direction in the final hours as selling pressure intensified. This led to a higher number of declining issues and pulled down both the benchmark index and the Shariah index.

At the end of the session, only 71 companies advanced, while 298 declined and 27 remained unchanged. As a result, the DSE Broad Index (DSEX) dropped by 21 points to close at 5,639 points. The DSE Shariah Index also fell by 1 point to 1,148 points. However, the blue-chip DSE-30 Index rose slightly by 2 points to 2,145 points, supported by gains in several large-cap stocks.

Turnover also decreased significantly. Total trading volume on the DSE stood at Tk 10.02 billion, down from Tk 11.97 billion in the previous session, marking a decline of Tk 1.95 billion.

Meanwhile, the Chittagong Stock Exchange (CSE) also closed lower. Its overall index, CASPI, dropped by 104 points. Out of 226 traded issues, 69 advanced, 136 declined, and 21 remained unchanged. Turnover in the CSE fell sharply to Tk 304 million from Tk 843.9 million in the previous session.

Market analysts attributed the downturn to late-session profit-taking and increased selling pressure, which outweighed early gains and weakened overall investor sentiment.

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