# Massive fall of the DSE and the CSE
# Prices fall in three trading days this week
# Demand for resignation of BSEC chairman
# BSEC set 18-point action plan for the taskforce
Although the regulatory body Bangladesh Securities and Exchange Commission (BSEC) is holding meeting one after another, the country's stock market has not stopped from downturn. Investors are losing their invested capital due to the continuous fall in prices. As a consequence, their woes are increasing as the day goes by.
The price index of the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) rose slightly on the first trading day of the week. The share and unit prices of most of the companies participating in the transaction have fallen. As a result, the stock market fell in three trading days this week. And in the last seven working days, the price has fallen in six working days.
A section of investors have protested and formed human chains for several days in protest of such a fall in the stock market. The investors have demanded the resignation of BSEC Chairman Khandaker Rashed Maksud.
On the other hand, the regulator has held several meetings with various stakeholders related to the market. At the same time, the BSEC has formed a taskforce to reform the capital market, but nothing can stop the price from falling.
Meanwhile, the BSEC on Monday formed a five-member special capital market reform taskforce aimed at ensuring overall development of the capital market, increasing investors' confidence and ensuring good governance of the capital market at international standards. The BSEC has set an 18-point action plan for the taskforce.
Although the regulator held a series of meetings with market participants, the fate of investors did not improve. Trading in the stock market started yesterday with the rise in the share and unit prices of most of the companies. As a result, the index has fluctuated at the beginning of the transaction. But it didn't last long.
Rather, as the trading time increases, the list of price drops in the stock market increases. All indices ended the day trading lower. At the end of the day's trading, shares and units of 142 companies were listed as gainers. On the contrary, the price of 195 companies decreased. And the price of 63 remains unchanged.
In this, the main price index of DSE, DSEX, decreased by 11 points compared to the previous day and stood at 5 thousand 323 points. Among the other two indices, the DSE Shariah index is down by 1 point compared to the previous day at 1,187 points. And the DSE-30 index consisting of 30 well-chosen companies has fallen by 3 points to 1,939 points compared to the previous day.
Trading volume on the DSE also fell on all price fall days. 355 crore 37 lakh taka has been traded in the market throughout the day. 366 crore 55 lakh was traded on the previous working day. Accordingly, the transaction has decreased by Tk 11 crore 18 lakh.
BRAC Bank shares contributed the most in this transaction. The shares of the company have been traded worth Tk 34 crore 87 lakh. Shares of Square Pharmaceuticals in the second place were traded worth Tk 16 crore 20. Islami Bank is in the third place with share transactions of Tk 12 crore 63 lakh.
Besides, the list of top 10 institutions in terms of transactions in DSE includes - Grameenphone, Agni System, Lavello Ice Cream, Social Islami Bank, Midiland Bank, Unique Hotel and NRB Bank.
Another stock market CSE overall price index CASPI decreased by 51 points. 70 out of 193 firms participating in the market rose in price. In contrast, the prices of 95 decreased and 28 remained unchanged.
ZH
