Dhaka, Bangladesh (BBN)-Bangladesh’s stocks witnessed another sharp fall on Thursday as investors went on selling spree.
The market opened with falling trend and the downturn continued the end of the session.
The key index of Dhaka Stock Exchange (DSE) plunges 39.45 points and Chittagong Stock Exchange (CSE) dips 77.08 points on Thursday, the last session of the week.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), dipping below the 4,700-mark and ended at 4,676.62, after plunging 39.45 points or 0.83 per cent.
The DS30 index, comprising blue chips, lost 21.75 points or 1.21 per cent to close at 1,766.50.
The DSE Shariah Index (DSES) dropped 12.73 points or 1.13 per cent to end at 1,114.83.
DSE turnover crossed BDT 4.0 billion and amounted to BDT 4.04 billion, which was 31.16 per cent higher than the previous day’s BDT 3.08 billion.
The losers outpaced gainers as out of 320 issues traded, 176 declined, 98 advanced and 46 remained unchanged
The newly listed KDS Accessories dominated the day’s top turnover chart with shares of BDT 457.70 million changing hands followed by Lafarge Surma Cement, Beximco Pharma, GP and United Airways.
IPDC was the day’s best performer, posting a rise of 9.79 percent while Appollo Ispat was the day’s worst loser, plunging by 12.5 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also closed lower with its Selective Categories Index – CSCX – shedding 77.08 points to end at 8,711.71.
Losers beat gainers 132 to 65, with 31 issues remaining unchanged on the port city bourse that traded 8.90 million shares and mutual fund units with a value of BDT 355.47 million.