Stocks plunge in Dhaka turnover falls to monthly low

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Stocks plunge in Dhaka turnover falls to monthly low

The country’s main stock exchange, the Dhaka Stock Exchange (DSE), witnessed a sharp downturn on the second trading day of the week, Monday (June 22), as most shares and mutual fund units declined in price. The number of falling securities was nearly nine times higher than those that gained, leading to a significant drop across all major index.

Market data shows that trading began with widespread price declines, and the negative trend persisted throughout the session. Out of 389 traded securities, prices of 36 increased, 319 declined, and 34 remained unchanged.

As a result, the DSEX, the benchmark index of the DSE, fell by 86 points to 5,554. The DS30 index dropped by 35.5 points to 2,110, while the DSES Shariah index declined by 19 points to 1,129.

Trading activity also weakened notably. Total turnover stood at Tk 87.60 billion (Tk 8.76 billion), marking the first time in June that daily turnover fell below the Tk 10 billion mark. On Sunday, turnover was Tk 100.24 billion, meaning the market saw a drop of Tk 12.64 billion in a single day.

Meanwhile, the Chittagong Stock Exchange (CSE) also closed lower. Of 239 traded issues, 36 advanced, 181 declined, and 22 remained unchanged. The CSE All Share Price Index (CASPI) fell by 178 points to 15,072. Total turnover on the CSE stood at Tk 7.44 billion, up from Tk 3.04 billion in the previous session.

 

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