Dhaka, Bangladesh (BBN)-Bangladesh’s stocks witnessed sharp fall on Thursday with turnover remained sluggish as investors went for selling spree fearing further fall.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 40.53 points or 0.90 percent to close at 4,416.95 from previous session.
Turnover value came down to BDT 3.05 billion, registering a decline of 19.31 percent over the previous session’s value.
Out of 282 issues traded, 177 declined, 76 advanced and 29 issues closed unchanged on the DSE floor.
Square Pharma became the top turnover leader with shares worth BDT 169.35 million changing hands followed by GP, Lafarge Surma Cement, Meghna Petroleum and Hwa Well Textiles.
Wata Chemicals which backed to main market was the day’s highest gainer; posting a rise of 9.89 per cent while MBL First Mutual Fund was the day’s worst losers, slumping by 22.35 per cent.
The port city bourse — Chittagong Stock Exchange (CSE) also saw sharp fall with its Selective Categories Index — CSCX lost 60.36 points to stand at 8,508.98 points.
Losers beat gainers 139 to 44, with 28 issues remaining unchanged at the port city bourse that traded 7.10 million shares and mutual fund units, turnover value of BDT 243.24 million.