The stock market in Bangladesh has further declined amid escalating concerns over tariff hikes by the US, which have adversely impacted the majority of economies worldwide to varying degrees and resulted in retaliatory duties.

Since the announcement of the new tariffs last Wednesday, the indices of the Dhaka Stock Exchange (DSE) have been declining for the past three days after the markets reopened following the Eid-ul-Fitr holidays.

However, the Chittagong Stock Exchange (CSE) declined for the first time yesterday.

The DSEX, the benchmark index of the DSE, dipped by 10.87 points, or 0.21 percent, before closing at 5,185.

The other two indices of the premier bourse showcased a mixed performance.

The DSES, which tracks Shariah-compliant companies, posted a modest gain of 1.14 points, or 0.09 percent, reaching 1,167.

The DS30 index, comprising blue-chip stocks, fell by 5.82 points, or 0.30 percent, to 1,924.

In Chattogram, the CSE All-Share Price Index (CASPI), the broad indicator of the port city's exchange, shed 28.15 points, or 0.19 percent, to settle at 14,533.41.

Out of the securities traded on the DSE, prices of 149 advanced, 194 declined, while the remaining issues remained unchanged.

The day's turnover, meaning the total value of shares that changed hands, rose by 2.92 percent to Tk 484 crore, signalling a slight uptick in investor engagement.

The pharmaceuticals sector led market activity, topping the turnover chart by contributing 19.19 percent of the total.

Within the sector, Beximco Pharmaceuticals Limited emerged as the most-traded stock, with a turnover of Tk 24 crore, accounting for 1.4 percent of the total market turnover.

According to the daily market commentary from UCB Stock Brokerage, the mutual fund, paper and printing, and jute sectors closed in the positive.

Conversely, the travel and leisure, non-bank financial institutions (NBFIs), and general insurance sectors were the top three to close in the negative.

Large-cap sectors, meaning those with significant market capitalisation, which is the value of their shares at present, exhibited a mixed performance, BRAC EPL Stock Brokerage stated in another market update.

The fuel and power sector recorded the highest gain of 0.84 percent, followed by the food and allied sector (0.09 percent) and the engineering sector (0.02 percent).

On the flip side, the pharmaceuticals sector declined by 0.20 percent, the banking sector slipped by 0.60 percent, telecommunications dropped by 0.65 percent, and the NBFI sector registered a 0.77 percent fall.