Dhaka and Chattogram stock markets fell sharply on Sunday, with indices losing early gains as most share prices and turnover declined from the previous session.

At the Dhaka Stock Exchange (DSE), trading began on a positive note but the upward trend reversed as the day progressed. Finally, the benchmark DSEX index dropped by 55 points.

Among other indices, the Shariah-based DSES declined by 10 points while the blue-chip DS30 shed 22 points.

The turnover at the DSE stood at Tk 732 crore, down from Tk 778 crore in the previous session.

A total of 398 companies participated in the day’s trading, of which 67 advanced, 275 declined and 56 remained unchanged.

Indices up in first hour of trade at DSE, CSE

The prices fell across all three categories — A, B and Z — with most losses concentrated in fundamentally strong, dividend-paying companies under the A category. Out of 220 companies in this group, 158 declined, 35 gained and 27 remained unchanged.

In the block market, shares worth Tk 95 crore of 25 companies changed hands, with Marico leading the turnover at Tk 23 crore.

S Alam Cold Rolled Steels Ltd topped the DSE gainers’ list with a 9% rise, while Social Islami Bank PLC suffered the steepest loss, plunging over 9%.

The downtrend was also visible at the Chittagong Stock Exchange (CSE), where the overall CASPI index slumped by 158 points.

Indices edge up at DSE, CSE in early trading

Out of 205 issues traded at the CSE, 67 advanced, 120 declined and 18 remained unchanged.

The turnover dropped slightly to Tk 12 crore from Tk 12.7 crore in the previous session.

Hami Industries PLC topped the gainers with a rise of over 9%, while Republic Insurance Company Ltd led the losers, falling more than 9%.