Dhaka Stock Exchange ends Tuesday trading with index decline
Representational image drawn by AI.
Trading on the Dhaka Stock Exchange (DSE) ended with a decline in indices on Tuesday, the third working day of the week. Most companies' share prices fell along with the indices. However, the value of transactions in taka increased somewhat.
With today's decline, the DSE's main price index has fallen to its level from five months ago. Earlier, on May 23 of this year, the DSEX index stood at 5,328 points. At the end of trading on Tuesday, the DSE Broad Index (DSEX) fell by 20 points from the previous day to stand at 5,284 points. The DSE Shariah Index fell by 7 points to stand at 1,030 points, and the DSE-30 Index fell by 20 points to stand at 2,021 points.
Market insiders say that labor protests and unrest in industrial areas have had an indirect impact on the country's stock market. Concerns and uncertainty among investors led to a major price decline in the stock market. Share prices of most companies fell. At the same time, selling pressure increased in the market, spreading panic among investors.
Labor unrest and protests have been ongoing for several days. Incidents of vandalism and arson have occurred. The unstable situation has spread a kind of panic among investors. As a result, many have increased selling pressure on shares. The increased selling pressure caused a major price decline in the market.
According to them, the stock market primarily depends on investors' confidence and expectations. If instability arises in any sector, its impact quickly spreads to the capital market. The risk of industrial production being disrupted, export activities being hampered, and business costs rising due to labor protests has pushed investors into a cautious position.
Among the 386 companies and mutual funds traded throughout Tuesday, prices rose for 68, fell for 267, and remained unchanged for 51. Transactions worth Tk 565.82 crore were made on the DSE, which is Tk 147.60 crore more than the previous working day. The previous day's transactions amounted to Tk 418.22 crore.
Meanwhile, the overall index of the Chittagong Stock Exchange (CSE), the CASPI, fell by 174 points to stand at 14,214 points. A total of 181 institutions participated in trading on the CSE. Among them, prices rose for 45, fell for 112, and remained unchanged for 24. Shares and units worth Tk 12.71 crore were traded on the CSE.
Envoy Textiles Limited topped the DSE in terms of trading. The company's shares worth Tk 32.11 crore 61 lakh were traded. Matin Spinning, in second place on the top trading list, had shares worth Tk 28.71 crore 77 lakh traded. Paramount Textile PLC rose to third place on the top list with shares worth Tk 15.86 crore 61 lakh traded.
Other companies on the top trading list include BRAC Bank, Shahjibazar Power, City Bank, Pubali Bank, Prime Finance First Mutual Fund, Malek Spinning Mills PLC, and Saiham Textile Mills Limited.
CAPM IBBL Islamic Mutual Fund topped the price decline list. The fund's unit price fell by 9.45 percent from the previous day. The fund traded 21 lakh 80 thousand 666 units in 736 trades, with a market value of Tk 3 crore. Saiham Textile, in second place on the list, saw its share price fall by 8.81 percent from the previous day. The company traded 20 lakh 96 thousand 809 shares in 2,088 trades, with a market value of Tk 8 crore 93 lakh. Reliance Insurance, in third place on the list, saw its share price fall by 6.43 percent from the previous day. The company traded 4 lakh 62 thousand 79 shares in 1,692 trades, with a market value of Tk 4 crore 3 lakh.Other companies on the list include Tunghai Knitting with a 6.25 percent decline, Bangladesh National Insurance with 6.23 percent, Bangladesh Steel Re-Rolling Mills with 6.06 percent, Peoples Leasing with 5.56 percent, Exim Bank First Mutual Fund with 5.45 percent, MBL First Mutual Fund with 5.43 percent, and Agrani Insurance with a 5.23 percent decline.
