Seven NBFIs among top 10 market decliners
Graphics: Agamir Somoy
Mismanagement and corruption have left Bangladesh’s non-bank financial institutions (NBFIs) in a fragile state. The survival of several of these companies is now under threat, which has also negatively impacted their share prices. In continuation of this trend, on Monday, seven out of the top 10 companies that recorded the highest price declines on the Dhaka Stock Exchange (DSE) were NBFIs.
The information was obtained from the Dhaka Stock Exchange (DSE).
On the day, Hamid Fabrics PLC, a textile sector company, topped the list of decliners, with its share price falling by 7.74%.
Among the 10 worst-performing companies, the seven NBFIs were Fareast Finance, International Leasing, Premier Leasing, Peoples Leasing, Prime Finance, Bangladesh Finance, and FAS Finance.
Of these, Fareast Finance saw a 7.14% decline in share price. International Leasing also fell by 7.14%, Premier Leasing by 7.14%, Peoples Leasing by 6.45%, Prime Finance by 5%, Bangladesh Finance by 3.64%, and FAS Finance by 3.45%.