Dhaka, Bangladesh (BBN)– The key index of Dhaka Stock Exchange (DSE) dipped below the ‘psychological’ threshold of 4,400-mark on Monday as worried investors continued their selling on major sectors’ shares.
DSEX, the core index, went down by 26.51 points or 0.82 per cent to settle at 4,394, the lowest in more than 42 months since June 26, 2016, when the index was 4,380.
Two other indices also ended lower. The DS30 index, comprising blue chips, lost 7.05 points to finish at 1,494 and the DSE Shariah Index shed 5.53 points to close at 981.
Market insiders said investors are struggling with ongoing depressed market outlook while gloomy macroeconomic outlook, soaring non-performing loan and foreign investors’ pulling funds out of the market worsened the situation.
The market opened on negative note and the downward trend continued until end of the session with no sign of reversal.
Turnover, a crucial indicator of the market, also fell and amounted to BDT 2.63 billion, which was 2.95 per cent lower than the previous day’s turnover of BDT 2.71 billion.
On the other hand, the Chittagong Stock Exchange also ended lower with its All Shares Price Index (CASPI)—losing 95 points to close at 13,384 and the Selective Categories Index – CSCX –shedding 58 points to finish at 8,113.
The losers beat gainers, as 151 issues closed lower, 56 ended higher and 32 remained unchanged on the CSE.
The port city bourse traded 4.74 million shares and mutual fund units worth BDT 93 million in turnover.