Written by The Banking Post
Dhaka stocks extended their losing streak for a fifth consecutive session on Sunday as investors continued offloading shares amid persistent market volatility.
The benchmark DSEX index of the Dhaka Stock Exchange (DSE) dropped 81 points, or 1.53%, to close at 5,202, according to DSE data. Over the past five sessions, the key index has lost a total of 245 points.
The DSE Shariah Index (DSES) fell 19.46 points to 1,114, while the DS30 Index, comprising blue-chip stocks, slipped 34 points to 1,998.
Out of 396 issues traded, 311 stocks (78%) declined, including several blue-chip counters, reflecting broad-based selling pressure.
Turnover at the DSE inched up by 2.33% to Tk 542 crore, compared to the previous session.
Top gainers:
- Simtex Industries soared 9.87% to Tk 26.7, hitting the day’s upper circuit.
- Pragati Life Insurance gained 8.71% to Tk 267.
- S. Alam Cold Rolled Steel advanced 6.07% to Tk 19.2.
Top losers:
- Bangladesh Industrial Finance Company plunged 9.37% to Tk 2.9.
- Peoples Leasing and Finance fell 9.09% to Tk 1.0.
- Social Islami Bank dropped 8.51% to Tk 4.3.
Market analysts said investor confidence remains weak amid ongoing uncertainty and liquidity concerns in the capital market.
