Dhaka, Bangladesh (BBN) – Dhaka stocks fell for the second straight session on Thursday triggering demonstration by the frustrated investors again in front of the Dhaka Stock Exchange (DSE) building.
The market opened with a positive note, gaining more than 25 points within 10 minutes. After that the index started to decline and the downtrend continued until the closure amid moderate ups and down and finally closed 103 points lower.
The benchmark DSE General Index (DGEN), the yardstick of the market, plunged 103.20 points or 1.90 per cent to close at 5,308.78.
The broader DSE All Shares Price Index (DSI) shed 85.73 points or 1.89 per cent to close at 4,439.20. The DSE-20 blue-chip index also shed 40.28 points or 1.02 per cent to close at 3,874.09.
The slump witnessed on Wednesday due to negative comments by World Bank and International Monetary Fund (IMF) on the stock market continued as traders remained panicked, market operators said.
Turnover value stood at BDT 3.44 billion almost same from Wednesday’s BDT 3.43 billion.
The losers thrashed the gainers as out of 252 issues traded, only 24 advanced, 226 declined and two remained unchanged.
Banking sector lost 1.4 per cent whereas non-banking financial institutions, insurance and fuel and power sector also declined by 2.3 percent, 2.2 percent and 2.4 percent respectively.
Telecommunications sector was up by 1.2 percent as GP continued to outperform the market on the back of its impressive Q3 earnings number.
BBN/SSR/AD-28Oct11-1:45 am (BST)