The benchmark General Index, the gauge of Dhaka Stock Exchange, sank 2.86 percent or 132.53 points, to 4,506.08 at the 3pm close, which is just below the index on 12th December 2009 (4,519). It seems like the index is all set to return back its January, 2009 position (the time the current AL government took power)
Earlier today, at the beginning of the day the key index shot up 83 points within five minutes but started to drop afterwards to reach the red zone around 12:30pm.
Turnover on the premier bourse hits a one-and-a half month low. It is 0.23 percent lower than the previous day.
A total of 0.820 lakh trades were executed, generating Tk 233 crore in turnover with 5.05 crore shares changing hands on the Dhaka bourse.
Of the total 259 issues that traded on the DSE: 18 advanced, 230 declined and 11 remained unchanged.
The Chittagong Stock Exchange also declined yesterday. The Selective Categories Index lost 291.51 points, to end the day at 12,091.43. Of the total 163 issues that traded on the CSE: 15 advanced, 158 declined, which traded more than 69.62 lakh shares and mutual fund units with a value of Tk 30.3 crore.
In a press briefing Shakil Rizvi, president of the Dhaka Stock Exchange, said the price earnings ratio is lucrative for long-term investments. “Investors must be patient,” he said.
New investors, including foreigners, will stay away from the market, frightened by a series of protests by a group of investors, Rizvi said.
He also added, “I have advised the investors not to buy shares on credit.”
Dhaka Stock Exchange Witnessed a Sharp Price Fall
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