Dhaka Stock Exchange Declines, Ending Four-Day Winning Streak

The Dhaka Stock Exchange (DSE) closed the week with a decline on Thursday, interrupting a four-consecutive-day streak of gains. This downturn was characterized by a fall across all major indices and a broad drop in the share prices of most listed companies.

The DSE witnessed corrections across its key metrics, though overall trading activity increased: The benchmark DSEX fell by 32 points, the Shariah-based DSES lost 11 points, and the blue-chip DS30 declined by 15 points.

The majority of trading issues closed lower, with 238 issues losing value compared to 104 gaining and 29 remaining unchanged, indicating widespread selling pressure.

Despite the fall in indices, total turnover on the DSE rose to Tk 445 crore, up from Tk 420 crore in the previous session, suggesting increased activity, likely from either profit-taking or selective buying.

Block market transactions totaled Tk 15 crore, with Khan Brothers dominating the activity after selling shares worth Tk 5.7 crore. Rahima Food Corporation Ltd was the day's top gainer, recording a nearly 10 percent rise, while Simtex Industries PLC was the largest loser, slumping by almost 10 percent.

The port-city bourse exhibited a more stable index but lower overall trading: The key CASP index saw little movement, suggesting a relatively flat close. In contrast to the DSE, most share prices on the CSE advanced, with 87 issues closing higher, 65 lower, and 25 unchanged.

Total turnover on the CSE decreased to Tk 7 crore from Tk 9 crore recorded in the previous session. FAS Finance and Investment Ltd topped the gainers' list with a 10 percent jump, while ACI PLC closed as the biggest loser after shedding 10 percent of its value.