Dhaka Stocks dip on Sunday, Chittagong follows suit

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Dhaka Stocks dip on Sunday, Chittagong follows suit

BM Desk:

The first working day of the week brought a downward trend to both the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE). Transactions also saw a decline compared to the previous Thursday.

DSE Downward Slide: DSE’s main index, DSEX, fell 10 points to close at 6,238. Shariah index (DSES) and DS30 index also slipped, both by 1 and 5 points respectively. Transactions totaled Tk 412.5 million, significantly lower than Thursday’s Tk 626.96 million. Out of 342 traded companies and mutual funds, only 32 saw their prices rise, while 119 declined and 191 remained unchanged.

CSE Follows Suit: CSE’s index mirrored DSE’s decline, although with a smaller volume. Transactions in CSE reached Tk 6.04 million, compared to Thursday’s Tk 9.49 million.

The reasons behind the downward trend are not explicitly stated. However, some potential factors could include profit-taking after recent gains; and sector-specific issues affecting certain companies.

Bmirrorhttps://bmirror.net/
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