Stock Market Downtrend Continues

Economic Desk

The stock market’s downward trend persisted for the tenth consecutive day. Although the capital’s stock market showed slight gains in indices towards the end of trading yesterday, most company shares and indices declined. Today, Monday, the bearish trend repeated, although the market witnessed an upward trend in trading volume.

The Dhaka Stock Exchange (DSE) benchmark index, DSEX, dropped by 42.67 points (0.85%) to close at 4,952.79 points. The other two indices also declined by over 1%. The DS30 index, comprising select 30 companies, fell by 21.65 points (1.16%), while the Shariah index, DSES, decreased by 11.14 points (1%).

Today, shares and mutual fund units of 399 companies were traded on the DSE. Among them, 246 experienced price drops, accounting for 66.16% of the traded entities. In contrast, prices rose for only 94 companies’ shares and mutual fund units, while 59 remained unchanged.

The DSE recorded a total transaction value of BDT 453.79 crore today, compared to BDT 338.64 crore on the previous trading day.