Dhaka, Bangladesh (BBN) – The Dhaka Stock Exchange (DSE) plummeted on Wednesday and key index lost more two per cent with turnover declined one month low as investors remained in confusion and sold shares.
The DSE General Index (DGEN), the yardstick of the market slipped 104.46 points or 2.38 percent to close at 4,284.45.
Turnover value stood at only BDT 1.79 billion against BDT 2.0 billion in the previous session which was lowest since February 2 when it was recorded BDT 1.68 billion.
Market analysts said investor’s somewhat confused about the stimulus package announced by the finance minister last Sunday and they sold shares.
Beximco Limited was the top turnover chart with shares worth BDT 7844 million changing hands.
Out of 250 issues traded, only 25 advanced, 217 declined and eight remained unchanged.
MBL First MF was the highest gainer posting a rise of 8.64 percent while Pubali Bank was the worst loser and lost 27.14 percent following its price adjustment after record date.
Meanwhile, at Chittagong Stock Exchange, the key index, CSCX, lost 251.24 points to close at 7863.87 with a turnover of BDT 248 million. Of the 173 issues traded, only 17 advanced, 152 declined and four remained unchanged.
BBN/SSR/AD-07Mar12-8:20 pm (BST)