Market cap drops Tk17,841cr in last week
During the week, 396 companies traded shares and mutual fund units on the DSE. Of these, 56 issues (14.14%) advanced, 326 (82.32%) declined, and 14 (3.53%) remained unchanged — highlighting the market’s broad-based weakness
The country's stock markets ended last week deep in the red, wiping out Tk17,841 crore from investors' portfolios as both market indices and turnover slumped.
According to weekly market data from the Dhaka Stock Exchange (DSE), total market capitalisation stood at Tk7.17 lakh crore at the start of the week but fell to Tk6.99 lakh crore by Thursday — a decline of Tk17,841 crore, or 2%, over the five trading sessions.
Turnover also dropped significantly. The week's total turnover amounted to Tk2,611 crore, down by Tk674 crore, or 21%, from the previous week's Tk3,285 crore.
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The benchmark index, DSEX, fell sharply by 164 points, or 3%, settling at 5,119 points — marking one of its steepest weekly declines in recent months.
During the week, 396 companies traded shares and mutual fund units on the DSE. Of these, 56 issues (14.14%) advanced, 326 (82.32%) declined, and 14 (3.53%) remained unchanged — highlighting the market's broad-based weakness.
According to the DSE's weekly market review, ICB Islamic Bank Ltd topped the gainers' list as its share price rose by 22.73% over the week.
Simtex Industries came in second with a 13.99% gain, followed by Progati Life Insurance, which rose by 11.24%.
On the other hand, International Leasing and Financial Services Ltd led the week's biggest losers, with its share price plunging by 26.67%.
Khan Brothers PP Woven Bag Industries followed, losing 20.45%, while FAS Finance and Investment dropped by 20% during the week.
EBL Securities said in its weekly market review that the benchmark index of the capital bourse plunged further, extending its bearish momentum as weakening investor sentiment deepened amid escalating political uncertainties.
A growing lack of confidence triggered a broad-based selling spree throughout the week, overshadowing the continuation of selective buying interest in the general insurance sector, it added.
The benchmark index slipped to a three-month low in the absence of any immediate recovery catalysts, EBL Securities noted.
