Dhaka, Bangladesh (BBN)-Bangladesh’s stocks stumble amid gloomy market outlook as investors went for selling spree, fearing further fall.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), dipped below the 5,000-point mark after 26-session and ended at 4,938.65 points, shedding 86.44 points or 1.72 percent.
The other two indices also saw steep decline.
The DS30, comprising blue chips lost 51.62 points or 2.76 percent to close at 1,815.36 points.
The DSE Shariah Index plunged 22.44 points or 1.90 percent to close at 1,157.85 points.
The total turnover on DSE, however, improved to BDT 8.57 billion, registering an increase of 38.22 percent over the previous day’s turnover of BDT 6.20 billion.
The losers took a lead over the gainers as out of 306 issues traded, 156 declined, 112 advanced and 38 remained unchanged on the DSE floor.
Western Marine Shipyard was the most traded stock for the fifth session with shares worth BDT 630.84 million changing hands followed by Keya Cosmetics, Appollo Ispat, DESCO and Lafarge Surma cement.
National Polymer was the day’s highest gainer, posting a rise of 32.11 percent while RSRM Steels was the day’s worst loser, slumping by 12.15 percent.
The port city bourse, Chittagong Stock Exchange (CSE), also saw sharp decline with its Selective Categories Index – CSCX – lost 113.71 points to close at 9,329.09 points.
Losers beat gainers 133 to 73, with 19 issues remaining unchanged at the port city bourse that traded 17.08 million shares and mutual fund units, turnover value of BDT 676.31 million.
BBN/BB/ASI-4:00pm (BST)