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Published: 08 May 2021 09:05 PM BdST
Updated: 09 May 2021 08:57 AM BdST Reaz Islam, CEO of LR Global Bangladesh, speaks at a media briefing in Dhaka on Saturday. Reaz Islam, CEO of LR Global Bangladesh, speaks at a media briefing in Dhaka on Saturday. Reaz Islam, CEO of LR Global Bangladesh, speaks at a media briefing in Dhaka on Saturday.
LR Global had gone through a long episode of “adversities” due to a conspiracy by some former commissioners at Bangladesh Securities and Exchange Commission. );
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So says CEO Reaz Islam.
The conspiracy to “damage” LR Global’s performance in Bangladesh had a “huge impact” on the local market, Islam said at a news conference in Dhaka on Saturday.
Stocks plunge 2.5pc on panic sales Star Business Report Star Business Report
The key index of the Dhaka Stock Exchange (DSE) nosedived more than 2.53 per cent yesterday due to pressure stemming from panic sales by general investors.
The DSEX fell 142 points to 5,504.78, the lowest in one and a half months. Maybe people have lost confidence although there is no reason for losing faith in the market, said Sharif Anwar Hossain, president of the DSE Brokers Association. The market is falling as some investors sold off shares and others are following suit, he said, adding that such copycat tendencies intensify market falls.
showing four days positive trend as risk-averse investors went for short-term
profit booking on sector-specific shares.
DSEX, the key index of the Dhaka Stock Exchange (DSE), went down by 23.95
points or 0.46 per cent to settle at 5,123.06. Two other indices also edged
lower. The DS30 index, comprising blue chips, lost 7.16 points to finish at
1,806.04 and the DSE Shariah Index fell 6.97 points to close at 1,185.53.
Turnover, a crucial indicator of the market, remained almost the same and
amounted to Taka 9.72 billion which was Taka 9.79 billion in the previous
day.
159 ended lower, 125 higher and 72 issues remained unchanged on the DSE
trading floor.
Taka 731 million changing hands, followed by Beximco, Bangladesh National