Dhaka, Bangladesh (BBN)–Bangladesh’s stocks saw a sharp fall on Monday with key index of the premier bourse dipping below 4,000-mark after 18 months as frustrated investors went for heavy sell-offs.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), dipped below 4,000-mark and ended at 3,959.73 points, shedding 87.54 points or 2.16 percent.
The two other indices also saw sharp fall.
The DS30 index, comprising blue chips, plummeted 39.48 points or 2.55 percent to close at 1,505.70 points.
The DSE Shariah Index (DSES) dropped 19.08 points or 1.92 percent to close at 973.45 points.
The losers took a strong lead over the gainers as out of 305 issues traded, 218 declined, 68 advanced and 19 remained unchanged on DSE trading floor.
United Power Generation & Distribution Company continued to dominate the top turnover chart with shares worth BDT 349.75 million changing hands followed by ACI Formulations, ACI, Square Pharma and Lafarge Surma Cement.
In Tech Online was the day’s top gainer, posting a rise of 31.25 percent while BSRM was the worst loser, plunging by 21.36 percent.
The port city bourse, Chittagong Stock Exchange (CSE), also closed lower with its Selective Categories Index – CSCX – fell 115.16 points to close at 7,433.81 points.
Losers beat gainers 154 to 44, with 22 issues remaining unchanged at the port city bourse that traded 6.29 million shares and mutual fund units, turnover value of BDT 250.57 million.