Dhaka, Bangladesh (BBN)– Dhaka stocks witnessed sharp decline again on Sunday, the opening day of the week—biggest fall in the year 2012— and the key index plunged almost seven per cent as investors sell shares in panic.

Almost all issues traded on the day lost in prices as out of 259 issues traded, only three advanced, 254 declined and two remained unchanged.

The market opened with a negative note and lost more than 60 points within first half an hour. The downtrend continued till the market closure as investors sell shares in panic, fearing further fall and finally ended more than 303points lower.

The benchmark General Index of the DSE (DGEN), the yardstick of the market, slipped 303.91points or 6.77 percent to close at 4,183.07.

Total turnover value stood at BDT 2.61 billion against BDT 1.90 billion in the previous session.

Grameenphone (GP) topped the turnover chart with shares worth BDT 139.28 million changing hands.

The other turnover leaders were Beximco Limited, United Airways, National Bank, RN Spinning, SIBL, UCBL, Beacon Pharma, Makson Spinning and Fu-Wang Ceramics.

BBN/BB/SI-29Jan12-10:43 pm (BST)