Bangladesh
2 months ago

Stocks plunge at opening amid panic sale

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Stocks opened sharply lower on Thursday due to panic sale amid a “complete shutdown” across the country enforced by quota reform protesters.

After the first one and half hours of trading, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by more than 45 points or 0.81 per cent to 5,438 at 11:30am, when the report was filed.

The blue-chip DS30 index, a group of 30 prominent companies, also lost 16 points to 1945 and the DSES index, which represents Shariah-based companies, fell 10 points to 1,192 till then.

Turnover, another important indicator of the market, stood at Tk 1.40 billion till then.

Of the issues traded till then, 306 declined, 34 advanced, and 40 issues remained unchanged on the DSE trading floor till then.

Sea Pearl Beach Reports was the most traded stock till then with shares worth Tk 140 million changing hands.

The Chittagong Stock Exchange also saw a downturn with its All Shares Price Index (CASPI)—losing 77 points to stand at 15,540 while the Selective Categories Index – CSCX lost 47 points to reach 9,354 till then.

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