Stocks plunge as bank sees a sharp fall
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February 02, 2023

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THURSDAY, FEBRUARY 02, 2023
Stocks plunge as bank sees a sharp fall

Economy

TBS Report
24 November, 2021, 03:15 pm
Last modified: 24 November, 2021, 03:15 pm

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Stocks plunge as bank sees a sharp fall

TBS Report
24 November, 2021, 03:15 pm
Last modified: 24 November, 2021, 03:15 pm
You will always find some investors sitting in a stock brokerage house in front of the screens. Photo: Noor-A-Alam
You will always find some investors sitting in a stock brokerage house in front of the screens. Photo: Noor-A-Alam

Indices of both stock exchanges saw a sharp decline today as the banking sector saw a downfall due to classified loan surges.

On Tuesday, the central bank released data on classified loans and said bad loans surpassed Tk100,000 crores at the end of September this year.

The Dhaka Stock Exchange's (DSE) benchmark index DSEX lost 95 points or 1.35% and closed at 6,917. The blue-chip index DS30 also fell 1.10% to 2,631 at the end of Wednesday's trading session.

The turnover of the DSE also declined 14% to Tk1,128.48 crore compared to the previous day.

Following the downward trend, 259 companies' share prices declined, while 75 increased and 31 remained unchanged.

Besides, the port city bourse Chattogram Stock Exchange's key index CASPI also dropped 247 points to close at 20,268.

Meanwhile, One Bank grabbed the top position in the turnover chart, which was followed by Beximco and IFIC Bank at the DSE.

Shurwid Industries was the top gainer during the period, whereas LR Global Mutual Fund One was the worst in the same period.

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Stock / Stock exchange / Dhaka Stock Exchange (DSE)

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