Dhaka, Bangladesh (BBN)– The key index of the country’s prime bourse slumped below 4,900-mark after more than 33 months, as jittery investors continued to dump their holdings to prevent further loss.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), eroded 40.96 points or 0.83 per cent to settle at more than 33-months low at 4,888. On December 12, 2016, the index was 4,869.
Two other indices also ended lower. The DS30 index, comprising blue chips, fell 15.96 points to finish at 1,735 and the DSE Shariah Index lost 16.34 points to close at 1,130.
The market capitalisation also lost Tk 515 billion in the last eight months since January 24, the DSE data shows.
Market experts said ongoing depressed market outlook, withdrawal of foreign fund, and lack of any prompt solution despite the finance minister’s marathon meeting further dampened the investors’ confidence.
The government’s various market supportive measures, including the central bank’s declaration to ease advance-deposit ratio (ADR), redefining the banks’ capital market exposure, and the finance minister’s assurance, also failed to boost fund flow to the market, they added.
They also said the investors were selling off shares fearing further fall, as they found no immediate way-out to the ongoing ailing market situation.
On the other hand, the Chittagong Stock Exchange ended lower with its All Shares Price Index (CAPSI) — CASPI– losing 102 points to close at 14,848 and the Selective Categories Index – CSCX – shedding 62 points to finish at 9,014.