Stocks dip at DSE as most shares end lower

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Stocks dip at DSE as most shares end lower

B Mirror Report: A day after a robust gain, the Dhaka Stock Exchange’s (DSE) benchmark index fell on Monday as most listed stocks had price corrections and overall trading volume declined.

The DSEX, the primary index of the DSE, fell 11 points in the second session of the week. The blue-chip DS30 index sank nine points, while the Shariah-compliant DSES index dropped eight.

The DSE’s market turnover was Tk 12.57 billion, which was marginally less than the Tk 12.75 billion that was registered during the previous trading session.

A significant number of issues closed in the red, with 218 companies registering losses compared to 153 gainers. Meanwhile, 26 companies saw no change in their share prices.

In the block market segment, shares worth Tk 320 million were traded among 26 companies. Grameenphone led the block trade turnover, with shares valued at Tk 140 million exchanged.

Among individual performers, Premier Bank PLC emerged as the top gainer on the DSE, climbing nearly 10 percent. In contrast, ICB Islamic Bank PLC posted the steepest decline, losing around 10 percent.

Meanwhile, trading at the Chittagong Stock Exchange (CSE) concluded on a positive note, with its benchmark CASPI index advancing by 7 points.

Of the traded securities at the CSE, 116 companies recorded gains, 90 declined, and 22 remained unchanged.

However, turnover at the CSE fell sharply to Tk 130 million, down from Tk 240 million in the previous session.

On the CSE gainers’ list, Safko Spinning Mills Ltd topped the chart with nearly a 10 percent rise in share price, while Shepherd Industries PLC was the worst performer, shedding around 10 percent.

 

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