Dhaka, Bangladesh (BBN)- The turnover value of the Dhaka Stock Exchange (DSE) hit almost 39 months low on Sunday as most investor’s adopted wait and see policy centering present political situation.
The turnover of the country’s premier bourse stood at BDT 1.27 billion at the end of the day’s trading session, the lowest since December 17, 2008, when it was recorded at BDT 1.09 billion.
Market analysts said that the country’s present political situation centering opposition party’s grand rally, the DSE directorship election and confusion of implementing announced 50 per cent interest waiver of small investors contributed to the market fall and lower turnover.
However, shares worth BDT 680 million had changed hands on January 20, 2011, as trading was suspended after five minutes on that day amid violent protest by aggrieved investors, following an unusual fall of prices.
At the end of the four-hour trading Sunday, the DSE General Index (DGEN) shed by 27.09 points or 0.62 percent to close at 4,317.92 amid moderate fluctuation.
Out of the 253 issues traded, 73 advanced, 153 declined and 17 remained unchanged.
BBN/SSR/AD-12Mar12-9:00 am (BST)
