Dhaka, Bangladesh (BBN) – Bangladesh’s both foreign exchange and money markets remained almost stable while the stocks plunged on Monday amid thin trading activities as investors went for panic sell-off.
The call rate ranged between 7.0 per cent and 8.0 per cent unchanged from the previous level, market operators said.
On the other hand, the banks quoted the dollar signal rate at BDT 77.80 on the day unchanged from the previous level.
“The demand for the greenback is still low because of higher inflow of foreign exchange in the market,” a senior treasury official told BBN in Dhaka.
However, DSEX, the prime index of the Dhaka Stock Exchange (DSE) went down by 65.20 points or 1.49 per cent to close at 4,308.44 points despite early gains.
The two other indices also saw free fall. The DS30 index, comprising blue chips lost sharply by 21.90 points or 1.32 percent to close at 1,634.38 points. The DSE Shariah Index (DSES) lost 11.28 points or 1.06 percent to close at 1,048.92 points.
The port city bourse, Chittagong Stock Exchange (CSE) also witnessed sharp decline with its Selective Categories Index – CSCX – lost 121.24 points to close at 8,086.93 points.
BBN/SSR/AD-20Apr15-3:40 pm (BST)
