Dhaka, March 1 -- Stocks witnessed a sharp downturn on Sunday as major indices of the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) closed significantly lower amid widespread selling pressure.

At the DSE, the benchmark DSEX plunged 138 points. The Shariah-based DSES lost 26 points, while the blue-chip DS30 index fell 52 points.

Most listed companies ended in the red, with 353 issues declining against 30 gainers and six remaining unchanged.

Weekly market wrap: Indices rally at DSE, CSE despite shrinking turnover

The turnover also dropped sharply. The DSE recorded transactions worth Tk 775 crore, down from Tk 947 crore in the previous session.

In the block market, shares of 23 companies worth Tk 24 crore were trade...