Price fall in large-cap drives stocks down
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week with downward trend due to price fall mainly in large-cap securities.
The falling major sectors were mutual funds, ceramics and insurance. A
total of 166 securities of the large-cap group moved down due to lower
activities.
90.77 points or 1.65 per cent to settle at 5,385. Two other indices also
ended lower. The DSE 30 Index comprising blue chips, lost 48.20 points to
finish at 2,057 and the DSE Shariah Index (DSES) shed 20.45 points to close
at 1,222.
the country’s premier bourse, slumping by 33 per cent over the previous day’s
mark of Taka 6.94 billion.
Beximco, that lost more than 3.0 per cent, was the most traded stock with
Investors flustered by sudden drop in index Star Business Report Star Business Report
Investors were left panicked and disheartened by the steep fall of the main index of the country s stock market.
They are now losing money even by investing in well-performing companies.
The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), nosedived 128 points, or 2.33 per cent, to 5,376.45.
The index shed 4.86 per cent, or 271 points, in the last two days. During the last two trading sessions, stock value dropped by around Tk 20,909 crore. I m really disheartened as the value of most of my stocks dropped by more than 30 per cent suddenly, said Abdul Halim, an investor who works at a private bank.