Price Fall in Large-Cap Drives Stocks Down

Country's both bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) - today extended losing streak defying the short-lived recovery effort from the previous session, as lingering regulatory and political uncertainties accentuated broad based selling pressure which left investors grappling with sustained losses. 

DSEX, the broad index of the DSE, declined by 47.4 points and settled at 4,825 points as against 4,873 points in the previous trading session.  Market turnover further declined, falling by 14.6% to Taka 2.9 billion from Taka 3.4 billion in the previous session.

Sector-wise, the Engineering sector accounted for the highest share of turnover at 13.1%, followed by Pharmaceuticals (13.1%) and Textiles (10.7%). All the sectors exhibited dismal performances, with Jute (-4.2%), Life Insurance (-3.7%), and Mutual Fund (-3.4%) experiencing the most corrections during the session.

Of the 397 issues traded, 52 advanced, 299 declined, and 46 remained unchanged. The port city bourse, CSE, also exhibited substantial correction as the Selective Categories Index (CSCX) plunged by 67.8 points, while the All-Share Price Index (CASPI) declined by 120.9 points.