Stock Market sees fall in Dhaka, rise in Chittagong on first day after Eid - The stock market reopened on Sunday after the extended Eid holidays with a mixed performance.The Dhaka market saw a decline, while Chittagong experienced a modest rise.From the beginning of the trading day on Sunday, the indices at the Dhaka Stock Exchange (DSE) began to fall.By the end of the session, the DSEX, the main index, dropped by 13 points.Among the other two indices, the Shariah-based DSES saw a decline, while the blue-chip DS-30 index rose by 14 points during the day’s trading.

A total of 393 companies participated in the trading on the first day, with most stocks experiencing a decline in value.

Out of these, the shares of 101 companies increased, while 262 companies saw a drop, and 30 companies' share prices remained unchanged.In terms of categories, most companies in categories A, B, and Z failed to benefit from the trading session.However, mutual funds performed well. Of the 36 mutual funds traded, 33 saw an increase in share prices, 2 experienced a decrease, and the share price of 1 remained unchanged.In the block market of Dhaka, shares worth 106.6 million taka of 18 companies were sold, with Bich Hatchery Limited leading with 44.8 million taka worth of shares sold.The total trading volume for the day at the DSE was 41.5 billion taka, up from 31.5 billion taka on 27 March, the last working day before the Eid holiday.Brokerage houses attributed the increase in trading volume to investors’ inclination to sell off shares as the index declined.Despite the rise in trading volume, they noted that this development did not signal a positive outlook for the market.Among the top-performing stocks of the day, Beximco Pharmaceuticals Limited saw a rise of 9.79%, with its share price increasing from 98 taka at the beginning of the day to 108.80 taka by the close of trading.On the other hand, Bich Hatchery Limited saw the steepest decline of the day, losing 9.27% in value. The company’s share price fell from 107 taka to 99.80 taka by the end of the trading session.Modest Rise in Chittagong

The Chittagong Stock Exchange (CSE) experienced a slight upward movement. The overall index of the CSE increased by 3 points during the day’s trading.Despite the index increase, most stocks on the CSE saw a decline in value.

Of the 179 companies that participated in the trading, the share price of 70 companies rose, while 84 companies saw a decrease, and 25 companies’ prices remained unchanged.The total trading volume on the CSE for the day was 10.62 million taka, which was higher than the 7.13 million taka recorded on 27 March.Beximco Pharmaceuticals Limited topped the performance charts in Chittagong as well, with a 10% increase in share price.On the other hand, Popular Life Insurance Company Limited experienced the steepest fall, with its shares losing 10% of their value.