Bangladesh’s stocks plunge amid prolonged political unrest

Last updated: February 16, 2015

 

Dhaka, Bangladesh (BBN)-Bangladesh’s stocks plunged on Monday with prime index of the major bourse dipping below 4,800-mark as the current political crisis is deepening day by day.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 61.70 points or 1.27 percent to close at 4,769.47 points.

The two other indices also closed lower.

The DS30 index, comprising blue chips lost 29.78 points or 1.65 percent to close at 1,775.11 points.

The DSE Shariah Index (DSES) shed 14.64 points or 1.27 percent to close at 1,132.48 points.

Turnover on DSE stood at BDT 2.80 billion, registering an increase of 6.06 percent over the over the previous session’s value of BDT 2.64 billion.

The losers took a strong lead over the gainers as out of 313 issues traded, 209 declined, 68 advanced and 36 remained unchanged on the DSE floor.

Beximco Limited was the most traded stock with shares worth BDT 95.20 million changing hands followed by IFAD Autos, Agni Systems, MJL BD and GP.

The port city bourse, Chittagong Stock Exchange (CSE), also ended lower with its Selective Categories Index – CSCX – lost 115.58 points to close at 8,851.46 points.

Losers beat gainers 178 to 44, with 25 issues remaining unchanged at the port city bourse that traded 8.58 million shares and mutual fund units, turnover value of BDT 241.81 million.

BBN/BB/ANS-16Feb15-3:40pm (BST)

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