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Stock Market declines for second day after holidays

UNB . Dhaka
15 Oct 2024 19:08:33 | Update: 15 Oct 2024 19:08:33
Stock Market declines for second day after holidays

The Dhaka Stock Exchange (DSE), the country's main stock market, witnessed a drop in the prices of most companies for the second consecutive day, following a rise before the Durga Puja closure.

While the DSE experienced some recovery on Tuesday, driven by gains in bank shares, the broader market continued to struggle. The Shariah-based DSES index rose by 3.78 points to close at 1,195.35, but the main DSEX index dropped 7.57 points to 5,365.96, and the DS30 special index, which tracks blue-chip stocks, fell by 5.79 points to 1,963.72.

Overall, the prices of 252 companies declined, while 96 advanced, and 52 remained unchanged.

On Monday, the DSEX had plunged by 48.51 points, the DSES index dropped by 14.29 points, and the DS30 index fell by 15 points, marking a sharp downturn that continued into Tuesday’s trading session.

In terms of trading volume, shares and units worth Tk 318 crore were traded on the DSE on Tuesday, down by Tk 32 crore from Monday’s turnover of Tk 350.73 crore.

Meanwhile, the Chittagong Stock Exchange (CSE) saw a minor decline, with its CASPI index slipping by 0.31 points to 15,047.65. A total of 185 companies participated in the CSE, with 42 seeing price increases, 111 experiencing declines, and 32 remaining unchanged. 

The CSE's trading volume also dropped to Tk 8.30 crore on Tuesday, compared to Tk 9.39 crore the previous day.

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