Dhaka, Bangladesh (BBN) - The Dhaka Stock Exchange (DSE) declined for the second straight week that ended on Thursday with lower turnover, market operators said on Friday.
They also said the investors went for panic sale as all the market bolstering measures apparently failed to restore investors’ confidence and bring back normalcy in the market.
The week witnessed four trading sessions instead of five as Tuesday was public holiday on the occasion of holy Ashura and all sessions suffered losses.
During the week, the general index of the Dhaka Stock Exchange-- DGEN, slipped 304.46 points or 5.81 percent to close at 4,932.30.
The broader All Shares Price Index (DSI) plunged 264.01 points or 6.03 percent to close at 4,113.47. The DSE-20 Index comprising blue-chip shares also lost 164.88 points or 4.25 percent to close at 3,716.46.
Total turnover value came down to BDT 9.09 billion against BDT 15.53 billion in the previous week as this week witnessed four sessions.
Average daily turnover value stood at BDT 2.27 billion, down by 26.77 percent compared to last week’s average daily turnover value of BDT 3.10 billion.
Cement sector was the biggest loser with 11.42 percent decline as Lafarge Surma lost 15.86 percent alone.
Beximci Limited topped the week’s turnover chart with shares worth BDT 355.42 million changing hands.
Chittagong Vegetable was the week’s highest gainer posting a rise of 20.4 percent while Tallu Spinning was the worst loser.
BBN/SSR/AD-08Dec11-10:59 pm (BST)