Dhaka, Bangladesh (BBN)-Bangladesh’s stocks witnessed sharp fall on Thursday, with benchmark index of the Dhaka Stock Exchange (DSE), dipped below the 4,600-mark, as investors went for selling binge.
The market opened with higher, but failed to sustain as the session progressed, eventually ended lower.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), plunged 71.41 points or 1.55 percent to finish at 4,544.70 points.
The DS30 index, comprising blue chips, moved down by 28.71 points or 1.63 percent to end at 1,731.45 points.
The DSE Shariah based index- DSES-lost 11.30 points or 1.02 percent to close at 1,099.43 points.
Turnover, however, remained high and amounted to BDT 8.58 billion, registering an increase of 1.90 percent over the previous session’s BDT 8.42 billion. It was the highest turnover in 2015 on DSE.
The losers took a strong lead over the gainers as out of 314 issues traded, 217 declined, 71 advanced and 26 remained unchanged on the DSE floor.
Khulna Power Company Ltd (KPCL) was remained the day’s top turnover, with shares worth BDT 680.56 million changing hands followed by GP, RAK Ceramics, SPPCL and Beximco.
The port city bourse Chittagong Stock Exchange (CSE) also saw sharp fall with its Selective Categories Index – CSCX – lost 126 points to close at 8,583 points.
Losers beat gainers 176 to 41, with 23 issues remaining unchanged at the port city bourse that traded 21 million shares and mutual fund units, turnover of BDT 746 million.