Key indexes drop as selling pressure hits Dhaka Stock Exchange

Increased selling pressure led to a drop in key indexes of Dhaka Stock Exchange following a three-day rally of rising prices. Trading data from DSE revealed a sharp decline in transaction volume, with shares and units worth Tk 431 crore exchanged through 158,360 transactions-down from Tk 556 crore recorded on Thursday. A total of 18.85 crore shares and units were traded across the market.

A mixed trading session saw 398 companies actively participating: prices for 178 companies rose, while 181 saw declines, and 39 remained unchanged.

The DSE's main index, DSEX, shed 8.54 points to close at 5190.85. The DSES Shariah index, however, edged up by 2.24 points to 1147.14, while the DS30 blue-chip index fell by 10.61 points, closing at 1915.43.

The Chittagong Stock Exchange (CSE) also felt the impact, with the CASPI index slipping by 0.14 points to 14462.90. Trading volume at CSE amounted to Tk 12 crore, a significant rise from Tk 4.84 crore on Thursday. Of the 206 companies traded, prices for 116 increased, 66 declined, and 23 remained unchanged.

 A stock market, equity market, or share market is where people buy and sell stocks. The share market serves as a platform for investors to participate in the growth of companies, diversify their portfolios, and potentially earn returns on their investments.

>>UNB