Fall of Islami Bank stocks drags down index below 5,400 after 41 days
The benchmark DSEX index dropped by 83 points, closing at 5,378
Islami Bank shares plunged by 9.92% today (6 October), causing the key index of the Dhaka Stock Exchange (DSE) to dip below the 5,400 mark for the first time in 41 days.
The benchmark DSEX index dropped by 83 points, closing at 5,378. The last time the index was lower than this was on 4 August, when it hit 5,229 points.
Investor participation remained sluggish, with daily turnover staying below Tk400 crore, reflecting continued weak market activity.
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During today's session, 180 issues advanced, while 156 declined and 56 remained unchanged.
Islami Bank was the worst performer of the day, with its share price plummeting 9.92% to close at Tk55.40, followed by SIBL, Khan Brothers PP Woven, and National Tea.
B-category stocks, which paid dividends below 5%, led the gainers' list.
Fu-Wang Ceramic saw the largest surge, with its share price jumping 9.83%, followed by notable gains in Fu-Wang Food and RD Food.
