Stocks
Dhaka Bourse Slumps for 8th Day in a Row Amidst Bland Turnover
Dhaka Stock Exchange DSE, Bourse on the last working day of the week, 23th May, ended with a drop in Indices and Turnover from the previous working session. This information is known from DSE sources.
508 crore taka shares were traded on this day. 83 crore 61 lakh less tradings were done in DSE today compared to the previous workday, 21th May , Shares worth Tk 591 crores 62 lakh shares were traded last time, Tuesday
The benchmark DSEX lost 58.70 points or 5,312 The Shariah-based index DSES dropped 15.01 points or 1,159, and the blue-chip index DS30 decreased by 22.23 points or 1,907.
Of the issues traded, 42 advanced, 319 declined and 28 remained unchanged.
Simtex Industries Limited ranked top gainer on DSE, the share price increased by Tk 1.70 paisa or 7.33 percent. On this day, the share was last traded at Tk 24.90 paisa.
Unliever Consumer Care Bangladesh Limited ranked top loser on the DSE, the share price dropped by Tk 68.20 paisa or 3.00 percent. On this day, the share was last traded at Tk 2,206.00 paisa.
DSE topped on trade is Orion Pharma Limited 25 crore 76 lakh takas of company shares have been traded.
A total of 42 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 77 lakh 8 thousand 64 shares of the companies were traded. The financial value of which is 191 crore 94 lakh taka
Reviewing the U.S. Stock Markets, the Nasdaq Composite, recorded a decent hike of 555 points, reaching a closing value of 17,688 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, gaining 85 point to settle at 5,431 points. Meanwhile, DJIA Index experienced a notable drop, losing 209 points during the week and concluding at 38,589 points after a week of gaining.
In contrast, Russell 3000 Index saw a gain in week performance, with a slight hike of 40 points to reach 3,077 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable drop of 20 point, ending the week at 2,006 points.
In the Outgoing week, the European stock market displayed a massive losing performance.
Here is the data on the weekly performance of the European Stock Market, The STOXX Europe 600 index, which is considered a leading benchmark for the European market and covers approximately 90 percent of the market capitalization across 17 countries, reported a drop of 12.5 points to close at 511.05.
The United Kingdom’s FTSE 100, one of the most widely followed indices in Europe, also showed a significant drop, losing 99 points or finishing the session at 8,146.
In Germany, the DAX 30 index, lost by 555 points to reach 18,002, while France’s CAC 498 decreased by 9 points to stop at 7,503 at the end of the trading day.
Italy’s FTSE MIB, which covers the top 40 stocks traded on the Milan Stock Exchange, decreased by 1,995 points to 32,665. However, Spain’s IBEX 35, added by 412 points, to close at 10,992.
A review of South Asian stock markets shows that India’s Bombay Stock Exchange (BSE) index BSE Sensex has added 299 points during the week. At the end of the week, the index stood at 76,992 points. On the other hand, the Nifty-50 index of the country’s National Stock Exchange gained by 175 points last week. At the end of the week, the index stood at 23,465 points.
Pakistan Stock Exchange Index ‘KSE 100’, shed 2,926 points last week. After a week of losing, the index settled at 76,742 points.
On the other hand, The Sri Lankan stock market index adds, and the Colombo Stock Exchange index ‘ASPI’ increased by 208 points in a week. After a week the index settled at 12,314 points.
Bhutan’s stock market index ‘BSI’ added 68 points hence the index stood at 1,515 points throughout the whole week. Nepal’s ‘NEPSE’ gain 35 points, therefore the index stands at 2,112 points.
Hence Dhaka Stock Exchange: The benchmark index ‘DSEX’ dropped by 119.51 points or 2.28 percent, in the outgoing week. At the end of the week, the index stands at 5,117 points.
