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DSE ends seven-day rally with 30-point drop; turnover surges amid tax cut announcement


Published : 07 Nov 2024 05:22 PM

After a seven-day streak of gains, the Dhaka Stock Exchange (DSE) closed lower on Thursday, with the main DSEX index dropping 30.74 points to settle at 5,316.33.

The market saw robust activity this week, fueled by a recent tax cut on stock market investment profits, leading to a notable uptick in turnover. Over the past three days, the DSE recorded a turnover of Tk 2,071 crore, with Tk 541 crore on Thursday, Tk 651 crore on Wednesday, and Tk 839 crore on Tuesday.

On Thursday, the DSEX fell by 30.74 points to 5,316.33 points, while the DSES Shariah index declined by 4.66 points to 1,187.90 points. The DS30 blue-chip index also dropped, losing 2.21 points to end at 1,965.54 points.

Trading data from the DSE shows that 18.72 crore shares and units were exchanged through 174,271 transactions.

A total of 395 companies participated in trading on Thursday. Of these, the share prices of 97 companies rose, 246 declined, and 52 remained unchanged.

Meanwhile, the Chittagong Stock Exchange (CSE) experienced a slight increase, with the CASPI index edging up by 0.18 points to 14,851.60. At the CSE, 215 companies’ shares and units were traded, with 77 companies seeing price increases, 117 experiencing declines, and 21 remaining unchanged.

The CSE reported a transaction volume of Tk 5.03 crore on Thursday, down slightly from Tk 5.21 crore the previous day. A total of 24.25 lakh shares and units were traded through 2,984 transactions at the CSE on Thursday.