Stocks plunge at opening as panic grips investors

Stocks opened sharply lower on Sunday due to panic sale amid ongoing unrest across the country. 

The presence of investors on the trading floor was also thin as due to the prevailing war-like situation.

After the first 30 minutes of trading, DSEX, the prime index of the Dhaka Stock Exchange (DSE), tumbled more than 112 points or 2.1 per cent to 5,221 at 11:00am, when the report was filed.

The blue-chip DS30 index, a group of 30 prominent companies, also lost 43 points to 1857 and the DSES index, which represents Shariah-based companies, fell 23 points to 1,139 till then.

Turnover, another important indicator of the market, stood at Tk 484 million till then.

Of the issues traded till then, 338 declined, only 5 advanced, and 20 issues remained unchanged on the DSE trading floor till then.

Heidelbeg Materials was the most traded stock till then with shares worth Tk 182 million changing hands.

The Chittagong Stock Exchange also saw a downturn with its All Shares Price Index (CASPI)—losing 83 points to stand at 15,036 while the Selective Categories Index – CSCX lost 57 points to reach 9,055 till then.

babulfexpress@gmai.com