DSE turnover plunges from record high
Star Business Report
Star Business Report
Turnover at the Dhaka Stock Exchange plunged by 38 per cent or Tk 969 crore to Tk 1,577 crore yesterday thanks to the wait-and-see approach adopted by institutional investors, according to market players.
The development comes just a day after turnover registered a decade high at Tk 2,546 crore.
However, DSEX, the benchmark index of the Dhaka bourse, rose 30 points, or 0.54 per cent, to 5,640 at the same time.
Some of the institutional investors have taken profits considering some corrections but the others are waiting for a further rise, according to a merchant banker.