BUSINESS

Investors protest stock market fall

DSEX dips below 7,000 points

Country’s two stock markets continued fall sharply for the second working day of the week On Monday (October 25).

On the Dhaka Stock Exchange, the index fell by 120 points, Chittagong Exchange (CSE) decreased by 426 points. Which is the highest fall of the index in both the capital markets in the last 6 months and 21 days.

Investors have protested the continuous fall in the country’s stock market.

Investors held a rally in front of the old building of Dhaka Stock Exchange (DSC) in the city on Monday noon.

The benchmark index DSEX came down below the 6,000 mark today, owing to massive selling pressure at the market opening.

DSEX, the key index of the Dhaka Stock Exchange (DSE), dropped by 100 points at 11am and continued later.

During that time, only 45 companies’ share prices advanced, while 303 declined and 23 remained unchanged at the DSE.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 120.41 points or 1.72% to 6,885.29. Two other indices also ended lower with the DSE 30 Index, comprising blue chips, slumped 53.76 points to finish at 2,644.55 and the DSE Shariah Index (DSES) plunged 22.18 points to close at 1,465.60.

Investors protest stock market fall

Turnover, a crucial indicator of the market, decreased to Tk1,470.43 crore, which was Tk1,471.04 crore at the previous session of the week.

Losers took a strong lead over the gainers, as out of 376 issues traded, 307 declined, 47 advanced and 22 issues remained unchanged on the DSE trading floor.

Delta Life was the most-traded stock with shares, followed by Beximco, Fortune, Orion Pharma and BATBC.

SHEPHERD was the day’s top gainer while OAL was the worst loser.

The Chittagong Stock Exchange (CSE) also ended day flat with the CSE All Share Price Index – CASPI -losing 400.81 points to settle at 20,169.77 and the Selective Categories Index – CSCX closed the day with losing 237.75 point to close at 12,123.63.

Of the issues traded, 246 declined, 37 advanced and 11 remained unchanged on the CSE.

The port city’s bourse traded 1.64 crore shares and mutual fund units with turnover value of Tk60.60 crore.

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