The stock market began the first trading day of the week with a downward trend as both the Dhaka and Chittagong stock exchanges witnessed a decrease in indices and trading volumes, with the majority of companies seeing price drops on Sunday.
The Dhaka Stock Exchange’s (DSE) key index, DSEX, fell by 13 points. The other two indices, the Shariah-based DSES, and the blue-chip index, both saw reductions of 4 points and 1 point, respectively.
The Chittagong Stock Exchange (CSE) also reported a decline in its overall index, which dropped by 38 points by the close of trading.
Out of the 395 companies traded on the DSE, the share prices of 240 companies decreased, 92 saw an increase, and 63 remained unchanged.
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On the CSE, shares of 177 companies were traded, with 82 companies experiencing price declines, 67 seeing price increases, and 28 remaining unchanged.
Overall, both markets recorded a decrease in total trading volume. On the DSE, the total trading value amounted to 374 crore Tk, down from 429 crore Tk on the previous trading day.
Similarly, on the CSE, the total trading value was 5.3 crore Tk, which is a reduction of 4 crore Tk from the previous day.
Among the shares traded on the DSE, Power Grid Company of Bangladesh saw the highest price increase, with its shares rising by 10%. On the CSE, Islamic Finance and Investment PLC topped the list with a 10% increase in share price.
Conversely, on the DSE, the notable company that saw the biggest decline was Khulna Printing and Packaging Limited.
After consistent price rises, the company’s shares fell by 7.43%. On the CSE, Confidence Cement PLC recorded a 9.81% drop in share price, placing it at the bottom of the list.
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Meanwhile, the SME sector, which faced a significant downturn last week, began this week on a positive note.
The DSE SME Index (DSMEX) rose by 16 points on the first day of trading. Among the 19 companies traded, 11 saw their share prices increase, 7 saw a decline, and 1 remained unchanged.