Stocks closed the week on a sharp downturn on Thursday as key indices at both the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) fell significantly, with most listed companies witnessing price erosion and overall turnover declining.

The market failed to rebound on the last trading day despite three consecutive sessions of losses. The benchmark DSEX index of the Dhaka bourse shed 53 points at the close after remaining in the red throughout the session.

The Shariah-based DSES index lost 10 points, while the blue-chip DS30 index declined by 12 points.

Losers dominated the DSE trading floor, as prices of 313 companies declined against 46 gainers, while 33 issues remained unchanged.

The turnover at the DSE dropped by Tk 376 crore to Tk 559 crore, down from Tk 935 crore in the previous session.

In the block market, shares worth Tk 29 crore from 24 companies were traded, with National Bank PLC posting the highest block turnover of Tk 6 crore.

Rahima Food Corporation Limited topped the DSE gainers’ chart with a 6 percent rise, while First Finance Limited plunged 10 percent to become the worst loser.

Meanwhile, the CSE also witnessed a notable decline, with its benchmark CASPI index falling by 79 points.

Stocks slide at DSE, CSE in early trading

Of the traded issues at the port city bourse, 113 declined, 46 advanced and 23 remained unchanged.

The turnover at the CSE fell by nearly Tk 8 crore to Tk 13 crore, compared to Tk 21 crore in the previous session.

Premier Leasing & Finance Limited emerged as the top gainer at the CSE with an almost 8 percent increase, while NRB Bank PLC declined 10 percent to end as the worst performer.