Stocks slip on last-hour sell-offs
Around 40% of stocks saw price declines, 44.64% advanced, and the remaining shares remained unchanged.
Stocks today (4 September), the last working day of the week, slipped into the red amid sell-offs and dragged the DSEX—the benchmark index of the Dhaka Stock Exchange (DSE)—down by 17 points to settle at 5,614.
Meanwhile, turnover at the DSE declined to Tk1,338.53 crore from Tk1,397 crore on Wednesday, which had marked a yearly high.
Around 40% of stocks saw price declines, 44.64% advanced, and the remaining shares remained unchanged.
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According to DSE data, heavy last-hour sell-offs dragged the index down by 35 points, leaving the prime index 17 points lower compared to the previous session.
The DSE Shariah Index fell by 3.62 points, while the DS30, the blue-chip index, dropped 13 points to settle at 1,230 and 2,182 points, respectively.
Rupali Life Insurance topped the gainers' chart, rising 9.98% to Tk104.6 each, followed by Pragati Life Insurance up 9.97% to Tk184.1, and Intech Limited up 9.95% to Tk45.3.
On the other hand, HR Textile saw an 8.82% decline in its share price to Tk27.9 after being downgraded to the Z category.
It was followed by FAS Finance, down 6.25% to Tk1.5, Safko Spinning Mills, down 5.59% to Tk15.2, and ICB Islami Bank, down 4.16% to Tk2.3 each.
96 points gain in a week
The DSEX surged 124 points in three trading sessions during the week but lost 28 points in two sessions, ultimately closing with a weekly gain of 96 points, according to DSE data.
The week began with the DSEX at 5,517 points. In the first trading session, the index jumped 76 points, and by Thursday, it stood at 5,614.
