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Stocks witnessed sharp declines in early trading on Tuesday as investors went on panic sell-offs right from the start of the trading amid growing tension.
The jittery investors continued their sell dominance to protect their funds from the ailing market, being apprehensive of the prevailing unrest that raised concerns regarding the market’s outlook, market analysts said.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), slid more than 57 points or 1.07 per cent to 5,273 within the first hour of trading at 11:00 am, when the report was filed.
Major index draggers were Walton, GP, Square Pharma, Renata, BAT Bangladesh and Beximco Pharma as they jointly accounted for 20 points index fall till then.
The blue-chip DS30 index, a group of 30 prominent companies, also lost 18 points to 1,884 and the DSES index, which represents Shariah-based companies, fell 15 points to 1,150 till then.
Turnover, another important indicator of the market, stood at Tk 1.64 billion till then.
Of the issues traded till then, 323 declined, only 28 advanced, and 26 issues remained unchanged on the DSE trading floor till then.
Techno Drug was the most traded stock till then with shares worth Tk 583 million changing hands, followed by Agni Systems and NRB Bank.
The Chittagong Stock Exchange also saw a downturn with its All Shares Price Index (CASPI)—losing 68 points to stand at 15,205 while the Selective Categories Index – CSCX lost 41 points to reach 9,160 till then.