Stock investors saw further declines in major indices as many listed companies presented lacklustre earnings disclosures for the first quarter of the current fiscal year of 2024-25.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), dropped 91 points, or 1.76 percent, to 5,105 in the span of one week.

The index had been falling in the previous week too.

The DS30, the blue-chip index, fell 30 points, or 1.57 percent, to 1,881 last week.

At the same time, the DSES, the index for Shariah-based companies, declined 24 points, or 2.06 percent, to 1,140.

Stock market analysts attributed the falling trend to political uncertainty. Nationwide unrest in the July-August period and internet blackouts led to prolonged disruption of business activities, impacting listed companies.

According to data compiled by Sandhani Asset Management, listed companies saw their collective profit drop by more than 3 percent year-on-year in the July-September quarter.

Companies have been publishing earnings disclosures over the last couple of weeks, but there is a lack of buyers of their stocks as their performance was down. The DSE's daily average turnover dropped 27 percent to Tk 322 crore last week.

Among the scrips that changed hands, 76 advanced, 23 remained unchanged, 293 declined and 21 were not traded.

Among all major sectors, paper & printing, financial institutions and mutual funds dropped over 4 percent on average while banking sector declined around 3 percent.

Miracle Industries rose around 28 percent followed by HR Textiles and Associated Oxygen Ltd, which both increased 17 percent.