DSE market capitalization drops by over Tk 4,000 cr

Staff Correspondent: The quota reform movement in government jobs has sparked significant instability in Bangladesh’s stock market. The Dhaka Stock Exchange (DSE) experienced notable volatility last week, leading to a widespread decline in share prices and market capitalization.
Throughout the week, most shares and units on the DSE saw price reductions. Consequently, the market capitalization of the DSE fell by over Tk 4,000 crore within a single week.
During the last week, the majority of companies on the DSE reported declining share prices, accompanied by a drop in all price indices. The pace of transactions also slowed considerably. Only 49 companies saw gains, while the prices of 327 companies decreased, and 16 remained unchanged.
By the end of the last working day of the week, the market capitalization of the DSE stood at Tk 653,368 crore, down from Tk 657,750 crore the previous week. This reflects a decrease of Tk 4,382 crore, or 67 percent.
The DSEX, DSE’s main price index, fell by 79.71 points, or 1.47 percent, over the week. The DSE-30 index, composed of selected top companies, also declined, dropping by 31.92 points, or 1.65 percent. Additionally, the DSE Shariah index, which includes companies adhering to Islamic Shariah principles, fell by 17.99 points, or 1.52 percent.
The trading volume also saw a decline. The average daily transaction value on the DSE was Tk 478.92 crore, compared to Tk 555.11 crore the previous week. This marks a decrease of Tk 76.19 crore, or 13.73 percent, per working day.
In terms of trading volume, Techno Drugs topped the list with an average daily trade of Tk 32.44 crore, accounting for 6.78 percent of the total trade. Agni Systems came in second, with an average daily trade of Tk 24.36 crore, followed by Orion Infusion at Tk 16.87 crore per day.
Other companies in the top ten trading list included Alif Industries, NRB Bank, Lavello Ice Cream, Sea Pearl Beach Resort, Square Pharmaceuticals, Unilever Consumer Care, and Forest Knitting.