DSE
Continuous decline in stock indices for four days
The Dhaka Stock Exchange (DSE) witnessed its indices fall for the fourth consecutive day on Wednesday despite an increase in transactions.
At the close of trading, the DSEX, the prime index of the DSE, dropped by 8 points.
The blue-chip index DS30 fell by 6 points, while the Shariah-based DSES index declined by 1 point.
Out of the traded companies, share prices increased for 145 companies, decreased for 182 and remained unchanged for 69.
Rise in Turnover
Despite the drop in indices, turnover increased by Tk 55 crore compared to the previous day. A total of 1.43 lakh shares changed hands 1.69 crore times, resulting in a total turnover of Tk 406 crore.
Stock market opens on a positive note, majority companies see gains
Performance by Categories
In the A-category, comprising 217 companies, the prices of 54 shares rose, 127 fell, and 36 remained unchanged.
In the B-category, out of 89 companies, 41 witnessed price increases, 35 recorded declines, and 13 remained stable.
In the Z-category, involving 85 companies, 47 saw price hikes, 19 recorded falls, and 19 remained unchanged.
Dividend Declarations
Two DSE-listed companies announced dividend distributions to investors. GPH Ispat and JMI Syringes & Medical Devices declared 10% dividends each for their investments in 2024.
Downgrades to Z Category
The DSE has downgraded three companies—Sonali Life Insurance, Union Bank, and Sea Pearl Beach Resort—from the A-category to the Z-category.
Additionally, brokerage houses and merchant banks have been directed not to extend margin loan facilities for purchasing shares of these Z-category companies.
Stocks open strong but close lower on Dhaka bourse
Chattogram Stock Exchange Also Affected
The bearish trend was mirrored at the Chattogram Stock Exchange (CSE), where the CSCX index fell by 5 points. Of the 193 companies traded, 85 recorded price increases, 81 saw declines, and 27 remained unchanged.
Market Sentiment
The persistent decline in indices has raised concerns among investors, despite the uptick in transaction volumes.
Market analysts suggest that the downgrades and cautionary measures imposed by the exchanges may have contributed to the cautious sentiment.
Investors are urged to monitor developments closely and exercise prudence in investment decisions.
3 days ago
Stocks open strong but close lower on Dhaka bourse
Despite starting the day on a positive note, the Dhaka Stock Exchange (DSE) ended Tuesday's trading session with a slight decline in its key index, DSEX, which dropped by 1 point compared to the previous day.
In the first hour of trading, the DSEX index rose to 5,191 points. But the momentum could not be sustained and the index had fallen to 5,150 points by the close of trading.
The decline was also reflected in the blue-chip index, DS30, which decreased by 1 point.
The Shariah-compliant DSES index, however, showed a slight improvement, gaining 1 point to reach 1,904 points.
Stock Market falls in both Dhaka and Chattogram
The day's turnover also saw a drop, with a total transaction value of Tk 351 crore.
This marks a decline of Tk 46 crore from the previous day, as 1.29 lakh shares worth Tk 13.5 crore changed hands during the session.
Despite the fall in indices, the prices of 181 companies rose, while 131 witnessed a decline, and 84 remained unchanged.
The downward trend persisted in the SME sector of the DSE, with the SME index falling by 10 points. But turnover in this segment increased by Tk 2 crore compared to the previous day, totalling Tk 6.9 crore.
Similarly, the Chittagong Stock Exchange (CSE) also experienced a downturn. The CSCX index fell by 9 points at the end of trading. A total of 72 companies saw price declines, 85 gained, and 30 remained unchanged on the CSE.
While the markets experienced mixed outcomes, investor sentiment remains cautious amid fluctuating turnover and index movements.
4 days ago
DSEx and DS30 indexes slide while DSES up by 4.16 points in 1st hour
The Dhaka Stock Exchange (DSE), the country's main capital market, saw a decline in trading in the first hour on Sunday.
The 3 indexes of the Dhaka stock market DSEX and DS30 decreased while Shariah index DSES increased in the morning.
The main index DSEX decreased by 0.01 points to 5,194.42 points, the DSES Shariah index up by 4.16 points to 1166.10 points, and the DS30 special blue-chip index fell by 2.85 points to 1921.41 points during the first hour on Sunday.
Read: DSEX gains 9.42 points; 400 companies participate in trading
On the day, the trading record in the DSE shows that shares and units of 3.27 crore were exchanged through 31872 transactions. In the first hour, the market witnessed huge selling pressure, and shares and mutual funds worth Tk 101.9 crore were traded.
During this time, a total of 372 companies participated in trading. Among these, prices of 142 companies increased, 146 companies decreased and 84 companies remained unchanged at the DSE.
6 days ago
DSE witnesses a sluggish trading at start of New Year
The Dhaka Stock Exchange (DSE) witnessed sluggish trading activity, leading to a decline in the benchmark index in the first week of the new year.
Market sentiment has yet to rebound from its prolonged depressed state in the absence of any strong positive catalyst to revive investor confidence.
Despite a cautious sense of optimism among investors surrounding the finance adviser's meeting with capital market stakeholders, such optimism failed to sustain due to a lack of any concrete commitments that can restore the market's waning momentum.
Moreover, concerns over higher inflation following the potential increase of VAT on certain goods and services also triggered further caution over the market's momentum.
DSEX index gains 4.7 points in early trading
Investors remained largely reluctant to make new investments in stocks due to the bleak market outlook amid the confidence crisis, said a leading stockbroker.
Consequently, the market witnessed a dominant sell pressure and three trading days ended lower while two sessions managed to close positive.
DSEX, the broad index of the Dhaka Stock Exchange, lost 5.2 points, or 0.1%, to settle at 5,194 points. Investor participation in the market also declined by 0.4% to Tk 3,466 million as compared to Tk 3,481 million in the previous week.It gained 15 points in the week before.
DSEX index down by 5.77 points, prices of 214 stocks drop
The blue-chip DS30 index, a group of 30 prominent companies, also fell nearly 7 points to 1,924. However, the DSES index, which represents Shariah-based companies, rose almost 7 points to close at 1,162.
Investors were mostly active in the Bank sector (17.9%), followed by the Pharma sector (13.7%) and the Engineering sector (9.1%). Sectors ended in mixed with the IT sector (4.3%) being the highest gainer and the Ceramic sector (2.8%) being the biggest loser.
This week, the blue-chip stocks having significant influence on the DSE broad index experienced correction. Price erosion of selective stocks such as Islami Bank, Al-arafah Islami bank, BAT Bangladesh, BRAC bank and LafargeHolcim jointly accounted for a 22-point fall in the key index.
Islami Bank, which plunged 3.54 percent this week, contributed a 12.9-point fall to the key index alone. The bank's stock closed at Tk 49.10 on Thursday.
Al-Arafah Islami Bank, another blue chip stock, also accounted for 3.10 point fall of the prime index while BAT Bangladesh and Brac Bank accounted for 3.1 points and 2.5 points respectively to the key index.
Turnover, a crucial indicator of the market, stood at Tk 1733 crores this week, up from Tk 1392 crores the previous week, as this week saw five trading days instead of previous week's four.
Consequently, the average daily turnover dropped by 0.44 percent to Tk 346 crores, down from Tk 348 crores in the previous week
Saiful Islam, president of DSE Brokers Association of Bangladesh (DBA), told UNB that the regulator has to take effective initiatives to boost investors’ trust.
He said the general investors lost the trust in the market due to the long negligence of building a sustainable stock market.
1 week ago
DSEX gains 9.42 points; 400 companies participate in trading
The Dhaka Stock Exchange (DSE) ended Thursday's trading with an upward trend after a downtrend over the last two days.
On Thursday, trading started in the morning with an upward trend, and after 11 am for a short time, the DSEX went up to 5194.74 points, but it fell to 5179.94 points at around 1 pm. DSEX jumped to 5199.47 points till 2 pm, then the index settled at 5194.43 points at the end of the day.
Stock market was neglected for 15 years: DSE Chairman
According to the trade record, the DSEX (broad index) increased by 9.43 points to settle at 5,194.43 points, compared to 5,185 points in the previous session. The Shariah-based DSES index fell by 3.58 points to settle at 1161.94 points, and the DS30 blue-chip index increased by 3.26 points to settle at 1924.27 points.
A total of 11.66 crore shares and units changed hands through 111,027 transactions, while 12.73 crore were traded in the previous session.
DCCI raises alarms over VAT and gas price hikes
A total of Tk 324 crore worth of shares and bonds were traded in the DSE on Thursday, which saw a decrease from the previous session of Tk 307 crore.
Out of the 400 companies that participated in trading, 157 advanced, 156 declined, and 87 remained unchanged at the DSE.
The port city bourse, CSE, also settled with a downtrend in trading. The All Share Price Index (CASPI) decreased by 20.39 points and settled at 14459.91 points.
DSEX index gains 4.7 points in early trading
On the CSE, 218 companies participated in trading. Of them, 82 companies recorded price gains, 109 companies saw declines, and 27 companies remained unchanged.
At the CSE, shares and units of 13.68 lakh changed hands through 1408 transactions on Thursday. The value of trading shares and units was Tk 7.39 crore, which was Tk 4.11 crore in the previous session.
1 week ago
Over 1.2 million investors turned away from stock market in last 8 years
Over 1.2 million investors have pulled out of Bangladesh's stock market in the past eight years, signalling a steep decline in market confidence.
According to data from the Dhaka Stock Exchange (DSE), the number of Beneficiary Owner (BO) accounts has decreased significantly, with the total falling from 2.92 million in 2016 to 1.67 million in 2024.
This drop represents a loss of 1.26 million investors over the past eight years.
In 2024 alone, the number of BO accounts decreased by over 90,000, from 1.75 million in 2023 to 1.67 million, indicating a continued trend of investor disengagement.
DSEX index gains 4.7 points in early trading
Investors cite the stock market's volatility and instability as the primary reasons for their retreat.
Many have been left disillusioned after suffering significant losses, particularly those who fell victim to margin loans, which often led to forced sales and financial ruin.
Tariq Mahmud, a general investor, shared his concerns, saying, "Investors are losing money daily. The primary reason people invest in the stock market is for financial gain. However, continuous losses have led to a lack of trust."
Altaf Hossain, another investor, highlighted the role of margin loans in exacerbating the problem, "Many took out loans to invest, hoping for high returns. But as share prices plummeted, they became trapped in margin loans. As the value of shares, including those of medium- and low-quality companies, dropped, forced sales occurred, even for good shares, resulting in severe financial losses."
Bangladeshi expats set new remittance record: $2.64 billion in December 2024
Brokerage houses, once bustling with activity, now face a noticeable decline in business. The branch managers lament that there are no longer as many clients trading shares, and even expatriate investors, who once traded remotely via mobile phones, have pulled out of the market.
Asad Liton, branch manager at Global Securities Limited, noted the bleak situation: "No new investors are showing interest, and many are withdrawing their funds from the market. Even those making losses are taking out their investments. Those who are leaving with bitter experiences are unlikely to return."
If the Bangladesh Securities and Exchange Commission (BSEC) fails to address these issues, experts warn that the market could face a permanent downturn.
Mohammad Helal Uddin, an economist at Dhaka University and a member of BSEC's task force for market reforms, attributed the problem to a lack of investor confidence in the market.
He said, "Many BO accounts have become inactive, and some investors have withdrawn their funds, further diminishing trust in the market."
DSEX index up by 5.98 points and 184 companies’ price advance in first hour
There have also been concerns about the impact of the BSEC's crackdown on market manipulation. Last year, the commission imposed fines exceeding Tk 7.2 billion on individuals and institutions involved in share price manipulation.
Among the companies targeted was Beximco Limited, where the BSEC fined four individuals and five institutions a total of Tk 4.28 billion.
Professor Helal noted, "Most of the fines being imposed now stem from the previous commission’s tenure. They failed to address 98% of market manipulation cases, and it is now the current commission's responsibility to bring offenders to justice. Only then will market discipline be restored."
Bangladesh Bank appoints Ernst & Young, KPMG to audit 6 troubled banks
An analysis of DSE's trading data reveals that not only has the number of BO accounts declined, but the DSE's main index has dropped by more than 1,000 points in the last year.
Besides, the market capitalisation of the Dhaka Stock Exchange has fallen by approximately Tk 1.15 trillion, further underscoring the challenges facing the country’s stock market.
1 week ago
DSEX index gains 33.67 points, prices of 223 companies up
The Dhaka Stock Exchange (DSE) ended Monday’s trading with an upward trend.
On Monday, trading of DSE started with a downtrend, but the indexes started to raise around 11 am.
The DSEX (broad index) gained 33.67 points to settle at 5,198.84 points, compared to 5,165.16 points in the previous session (Sunday). The Shariah-based DSES index was up by 13.47 points to settle at 1161.59 points, and the DS30 blue-chip index increased by 14.0 points to settle at 1933.62 points on Monday.
DSEX index increases by 6.91 points with Tk 81.5 crore traded in first hour
A total of 12.87 crore shares and units changed hands through 119632 transactions, while 11.1 crore shares were traded in the previous session on Sunday.
A total of Tk 362.6 crore worth of shares and bonds were traded in the DSE on Monday which saw a slight upward from the previous session of Tk 311.6 crore.
Out of the 398 Companies that participated in trading, 223 advanced, 101 declined and 74 remained unchanged at the DSE.
The port city bourse, CSE, also settled on an upward trend of trading. The All Share Price Index (CASPI) increased by 5.87 points and settled at 14466.08 points.
DSEX index drops by 34.44 points, prices of 270 companies decrease
On the CSE, 212 companies participated in trading. Of them, 87 companies recorded price gains, 93 companies saw declines, and 32 companies remained unchanged.
At the CSE, shares and units of 21.88 lakh changed hands through 1660 transactions on Sunday. The value of trading shares and units was Tk 8.49 crore, which was Tk 13.62 crore in the previous session.
DSE trading ends with upward trend, Tk 373.8 crore traded on Monday
1 week ago
Trading at DSE sees a delayed start on Sunday
The start of trading in the Dhaka Stock Exchange (DSE) was on Sunday delayed by an hour and half due to an unavoidable situation, authorities said.
In its notification the authorities at DSE did not specify the reason.
Stock market rebounds as banks show resilience in year-end growth
The trading started at 11:30 am instead of 10 am schedule.
The 3 indexes of the Dhaka stock market DSEX, DSES, and DS30 saw an upward trend in the beginning of the session.
1 week ago
Stock market rebounds as banks show resilience in year-end growth
The stock market displayed a rebound last week, with banking stocks demonstrating resilience at the start of the new year.
Investors showed renewed optimism, encouraged by opportunities following a challenging four years for the market.
The new year began on a positive trajectory, with opportunistic investors capitalising on oversold stocks that had undergone significant corrections in 2024.
According to analysts, the market's recovery was predominantly bolstered by select heavyweight banking stocks, particularly as major banks reported significant growth in operating profits for 2024.
But, broader market sentiment remained tepid.
DSEX index drops 3.22 points and Tk 86 crore traded in first hour
The Dhaka Stock Exchange's (DSE) benchmark index, DSEX, ended the first trading week of the year on a positive note, gaining 15 points or 0.29 per cent to close at 5,200, recovering from a 37-point drop in the previous week.
Similarly, the blue-chip DS30 index, representing 30 prominent companies, rose by 4 points to reach 1,931. However, the DSES index, which tracks Shariah-based companies, fell by 12 points to settle at 1,155.
Investor participation also surged, with average daily turnover increasing by 18.6 per cent to Tk 348.1 crore, up from Tk 293.5 crore in the previous week.
The banking sector led trading activities, accounting for 17.3 per cent of turnover, followed by pharmaceuticals (16.9 per cent) and engineering (8.8 per cent).
Sectors ended the week with mixed performances. Banking stocks emerged as the highest gainers, rising by 3.4 per cent, while the jute sector suffered the most significant loss, declining by 4.9 per cent.
Market participants noted that leading banks achieved double-digit growth in operating profits year-on-year in 2024, primarily driven by substantial income from investments in government securities.
DSEX index drops 2.38 points, Tk 209.2cr traded in 3 hours on first day of 2025
This growth spurred an uptick in their stock prices, according to a prominent brokerage.
Despite the rebound, many investors remain cautious, observing market trends in the absence of a major catalyst to dispel the persistent pessimism across trading floors.
Meanwhile, the Chittagong Stock Exchange (CSE) also posted gains.
The CSE All Share Price Index (CASPI) increased by 117 points to close at 14,552, while the Selective Categories Index (CSCX) gained 66 points, settling at 8,859.
The port city bourse traded 1.31 crore shares and mutual fund units, with a turnover value of Tk 167 crore.
Strong performances in the pharmaceuticals and petroleum sectors largely drove the trading activities.
2 weeks ago
Dhaka Stock Market ends day’s trading in downtrend with prices of 225 companies down
The Dhaka Stock Exchange (DSE) closed Thursday's trading session with a decline.
The DSEX, the benchmark broad index, decreased by 18.54 points to close at 5,199.61. This marked a reversal from the previous session on Wednesday, which saw a modest gain of 1.71 points, closing at 5,218.15. The Shariah-based DSES index dropped by 9.97 points to settle at 1,155.10, while the DS30 blue-chip index rose slightly by 0.56 points to finish at 1,930.
Trading activity on the DSE showed an increase in volume but a decline in value. A total of 13.32 crore shares and units were traded through 102,837 transactions, up from 11.60 crore shares traded on Wednesday. However, the total transaction value fell to Tk 313.6 crore on Thursday, compared to Tk 330.5 crore in the previous session.
Of the 397 companies that participated in trading on the DSE, 98 saw price increases, 225 experienced declines, and 74 remained unchanged.
DSEX index drops 3.22 points and Tk 86 crore traded in first hour
The Chittagong Stock Exchange (CSE) also witnessed a downturn. The All Share Price Index (CASPI) decreased by 40.25 points, settling at 14,552.30.
On the CSE, 195 companies were involved in trading. Among them, 79 recorded price gains, 91 faced declines, and 25 remained unchanged. A total of 66.27 lakh shares and units changed hands through 1,708 transactions, with a trading value of Tk 101.09 crore.
2 weeks ago