Dhaka,  Thursday
16 January 2025

Stock market ends week amid fall

Messenger Online

Published: 19:34, 16 January 2025

Stock market ends week amid fall

Photo: Collected

The Dhaka stock market ended the week with a decline in the index for all five trading days. On Thursday, the benchmark index of the Dhaka Stock Exchange (DSE), the DSEX, fell by 8 points, closing at 5,133 points.

The blue-chip DS-30 index decreased by 4 points, while the Shariah-based DSES index dropped by 6 points. Compared to the previous day, trading volume was reduced by Tk 43 crore. A total of 1,29,000 shares, worth Tk 363 crore, changed hands through 14.83 million transactions.

Along with the index decline, the share prices of most companies also fell. But 141 companies saw price increases, while 196 experienced price drops, and the share prices of 62 companies remained unchanged.

Among the companies in DSE's A-category, out of 220, 88 saw price increases, 96 saw price declines, and 36 remained unchanged. In the B-category, 88 companies recorded price increases for 24 companies, while 53 saw price drops, and 11 stayed constant.

In the Z-category, 86 companies had 26 with rising prices, 46 with falling prices, and 14 that remained unchanged. Most mutual funds also saw a drop in their share prices. Out of 37 mutual funds, 7 experienced price increases, 12 had decreases, and 18 remained the same.

On Thursday, the DSE moved C & A Textile Company from the B-category to the Z-category. A directive was issued to brokerage houses and merchant banks to refrain from providing any loans for purchasing shares of this company.

In another development, IFAD Autos PLC paid its dividend to investors for the July quarter of last year. This marked the lowest dividend payout by IFAD in the last decade, offering just 1% per share.

The downward trend continued in the Chittagong stock market as well. The Chittagong Stock Exchange's (CSE) CSE-50 index fell by 3.43 points, and the CSE-30 index dropped by 55.31 points, ending at 1,096.35 and 11,759.50 points, respectively.

Besides, the CSI index dropped by 5.14 points, closing at 934.59 points. Alongside the decline, trading volume also decreased on the CSE. Compared to the previous day, turnover dropped by Tk 4.68 crore as the total turnover for the day was Tk 4.72 crore, down from Tk 9.40 crore in the previous trading session.

Out of the 178 companies and mutual funds listed on the CSE, 57 experienced price increases, 96 saw declines, and 25 remained unchanged.

Messenger/Tareq