Business

Dhaka stocks fall to 35-month low

Dhaka stock exchange turnover crosses tk 1,000 crore mark
The new building of the Dhaka Stock Exchange in the capital's Nikunja is seen. Photo: Star

The benchmark index of the Dhaka Stock Exchange (DSE) declined today, a session after snapping a five-day falling streak.

The DSEX edged down 41.26 points, or 0.73 percent, to close the day at 5,633.61, the lowest level since May 2021.

The fall came a day after a meeting between the Bangladesh Securities and Exchange Commission and its stakeholders to restore investors' confidence, which has been hit by the lingering economic crisis and lower-than-expected corporate profits as well as forced sales executed by brokerage houses.

The DSES, an index that represents shariah-complaint companies, fell 7.36 points, or 0.59 percent, to 1,235.73.

Likewise, the DS30, which comprises blue-chip stocks, dropped 3.48 points, or 0.17 percent, to 1,980.43.

However, turnover, which indicates the volume of shares traded during a session, increased 3.94 percent to Tk 5.97 crore.

Of the issues that changed hands on the DSE, 50 closed higher, 310 ended lower and 36 did not see any oscillation.

Comments

Dhaka stocks fall to 35-month low

Dhaka stock exchange turnover crosses tk 1,000 crore mark
The new building of the Dhaka Stock Exchange in the capital's Nikunja is seen. Photo: Star

The benchmark index of the Dhaka Stock Exchange (DSE) declined today, a session after snapping a five-day falling streak.

The DSEX edged down 41.26 points, or 0.73 percent, to close the day at 5,633.61, the lowest level since May 2021.

The fall came a day after a meeting between the Bangladesh Securities and Exchange Commission and its stakeholders to restore investors' confidence, which has been hit by the lingering economic crisis and lower-than-expected corporate profits as well as forced sales executed by brokerage houses.

The DSES, an index that represents shariah-complaint companies, fell 7.36 points, or 0.59 percent, to 1,235.73.

Likewise, the DS30, which comprises blue-chip stocks, dropped 3.48 points, or 0.17 percent, to 1,980.43.

However, turnover, which indicates the volume of shares traded during a session, increased 3.94 percent to Tk 5.97 crore.

Of the issues that changed hands on the DSE, 50 closed higher, 310 ended lower and 36 did not see any oscillation.

Comments

‘মঙ্গল শোভাযাত্রা’র নাম পাল্টে ‘বর্ষবরণ আনন্দ শোভাযাত্রা’

নব্বইয়ে স্বৈরাচারবিরোধী আন্দোলনের পটভূমিতে অমঙ্গলকে দূর করে মঙ্গলের আহ্বান জানিয়ে শোভাযাত্রার নামকরণ হয় ‘মঙ্গল শোভাযাত্রা’।

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