Business Desk :
The Dhaka Stock Exchange (DSE) lost more than 1 per cent on the first trading day of the week on Sunday as most shares fell.
The DSEX, the benchmark index of the premier bourse of Bangladesh, plummeted 66 points, or 1.09 per cent, to 6,059 at 12:50pm.
Turnover, another key indicator of the market, stood at Tk 317 crore. Of the securities, 48 advanced, 304 fell, and 29 remained unchanged.
Following the previous day’s modest fall, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 32.86 points or 0.53 per cent to fall below 6100-mark and stand at 6,093 after the first 30 minutes of trading at 10:30am.
Two other indices saw sharp fall till then. The DS30 Index, which consists of the blue-chip companies, dropped 24.37 points to 2,176 while the DSES Index, which represents Shariah-based companies, slumped 6.17 points to 1,338.
Turnover, another important indicator of the market, stood at Tk 1.05 billion after the first 30 minutes of trading.
Market insiders said most are trying to exit from the market by dumping their shares for a while as they fear deepening challenges in the coming months.
The global economic turmoil impacted the Bangladesh economy which reflected on the stock market, said a stockbroker.
The market has been struggling for the past few months since the Russia-Ukraine war began which was exacerbated by the government announcement of a load-shedding plan, he said.
The market outlook remains gloomy as investors are concerned about several macroeconomic issues such as energy crisis due to gas shortages, inflationary pressure and depreciating local currency, he said.
Chattogram stocks keep bleeding
Meanwhile shares on the Chittagong Stock Exchange (CSE) suffered steep also losses on Sunday.
The Caspi, the all-share price index of the bourse in the port city, declined nearly 140 points, or 0.78 per cent, to 17,828 at 12:54pm. On the CSE, 42 stocks advanced, 168 fell and 22 remained unchanged.
Most of the issues have no buyers. Of the issues traded till then, 199 declined, 100 advanced, and 36 issues remained unchanged on the DSE trading floor till then.
Matin Spinning was the most traded stock till then with shares worth Tk 73 million changing hands, closely followed by Orion Infusion, Beximco, Safko Spinning and KDS Accessories.
