Dhaka, Bangladesh (BBN)– Dhaka stocks witnessed a sharp decline on Monday and the key index plunged more than three per cent with lower turnover value as investors sell shares in panic.
The market lost more than 60 points within first hour upon resumption of the market. The downtrend continued throughout the session and finally ended 164 points lower.
The benchmark general index of the Dhaka Stock Exchange, generally known as DGEN, the main gauge of the market slipped 164.07 points or 3.02 per cent to close at 5,253.47.
The broader DSE All Shares Price Index (DSI) dropped by 135.90 points or 3.0 per cent to close at 4,384.55. The DSE-20 blue-chip index shed 94.11 per cent or 2.36 percent to close at 3,885.86.
Turnover value declined to BDT 5.38 billion in value term, down by 12.52 percent compared to BDT 6.15 billon in the previous session.
The losers took a strong lead over the gainer as out of 262 issues traded, only 12 advanced, 245 declined and five remained unchanged.
Grammenphone (GP), the lone listed company of the telecommunications sector topped the turnover chart with shares worth BDT 274.06 billion changing hands.
Northern Jute Manufacturing was the day’s top gainer posting a rise of 9.91 percent while Kohinoor Chemicals was the worst losers and lost 8.14 percent.
BBN/SSR/AD-09Jan12-5:33 pm (BST)