Dhaka, Bangladesh (BBN)– Dhaka stocks plunged Sunday with the benchmark index recording its steepest single-day fall in a decade, pulled down by major price corrections by different sectors including banks.
After a week of mayhem, during which DGEN lost 258 points or 2.92 percent, the market finally witnessed the highest ever fall in points,” market operators said, adding that DGEN lost 284.78 points (3.32 percent), the highest since its inception in 2001, beating the previous high of 204.75 points loss (-3.20 percent) on July 2010.
The broader DSE All Shares Price Index (DSI) fell 235.73 points or 3.31 per cent to end at 6881.38, while the DSE 20 blue chip index shed 198.65 points or 3.88 per cent to end at 4924.71.
Sunday’s total turnover was BDT 17.2 billion, 5.0 percent higher than BDT 16.2 billion on Thursday. Banks were the biggest loser as the sector lost 5.88 percent. Non-banking financial institutions (-1.29 percent), General Insurance (-4.18 percent), Pharmaceuticals (-1.78 percent), Telecommunication (-2.59 percent) and Power (-2.00 percent) also lost big.
BBN/SI/AD-13Dec10-1:12 am (BST)
