United News of Bangladesh

The Dhaka Stock Exchange (DSE) witnessed a decline in all its indices during the first hour of trading, whereas the Chittagong Stock Exchange (CSE) recorded a slight gain. But share prices of most companies fell across both markets. DSE Performance In the first hour of trading, the DSE’s benchmark index, DSEX, dropped by 11 points. Among the other indices, the Shariah-based DSES declined by 6 points, while the blue-chip DS30 fell by 3 points. Read: Stock Market Slump: DSEX index falls by 40 points in three days The DSE recorded a total turnover of Tk 76 crore during this period. Out of the traded stocks, 117 companies saw their share prices increase, while 151 declined, and 99 remained unchanged. CSE Performance Conversely, the CSE's overall index rose by 5 points in the first hour of trading. At the CSE, the share prices of 19 companies increased, while 24 declined, and 6 remained unchanged. The total turnover stood at Tk 55 lakh. Despite the mixed performance in indices, the broader market sentiment remained cautious as investors assessed market trends.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), increased by 33 points over the past week, but the banking sector failed to regain momentum despite the rise in the index. A weekly analysis of the DSE report reveals that during the five trading days, both the share prices and turnover in the banking sector declined. The prices of shares of the 36 listed banks dropped by an average of nearly 5%. Besides, turnover in the sector decreased by 8% compared to the previous week, reflecting waning investor interest. Previously regarded as a safe investment, the banking sector has been losing the trust of general investors due to a persistent decline in its performance. Over the past week, the number of shares traded in this sector dropped by 11.89%. Read: Stock market was neglected for 15 years: DSE Chairman Alongside this, most shares linked to S. Alam Group saw a downward trend throughout the week. Apart from banking, the financial institutions sector also experienced a significant decline, with share prices falling by 29.85% during the week.