Bangladesh Stocks End Lower

Last updated: July 14, 2024

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Dhaka, Bangladesh (BBN) - Bangladesh’s stocks ended lower on Sunday, the first working day of the week, as risk-averse investors continued reducing their exposure to capital market investments.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), declined by 23.99 points to settle at 5,482.79 on the day.

The blue-chip index DS30, a group of 30 prominent companies, saw a 5.24-point decrease to 1937.11, while the DSES Index, which represents Shariah-based companies, witnessed a 4.83-point decrease to 1,202.70 until the end of the session.

Turnover, one of the crucial indicators of the market, stood at BDT 6.22 billion, down 6.33 per cent from the previous trading day.

The majority of the stocks saw a price decline, as out of the 397 issues traded, 70 closed higher, 297 ended lower, and 30 remained unchanged on the DSE trading floor.

Taufika Foods and Lovello Ice-cream PLC was the most-traded stock with shares worth BDT 279.05 million changing hands, followed by Agni Systems, Beach Hatchery Ltd, Salvo Chemical Industry Limited and Sea Pearl Beach Resort & Spa Limited.

On the other hand, the Chittagong Stock Exchange (CSE) also ended lower with its All Share Price Index (CASPI) losing 96.54 points to settle at 15661 and the Selective Categories Index (CSCX) losing 59.48 points to close at 9426.

The port city bourse traded 2.17 million shares and mutual fund units with a turnover volume of BDT 83.69 million.

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