Economic Reporter :
Stocks edged up on Tuesday when the turnover dipped below Tk 1.0 billion-mark again as investors mostly followed cautious stance ahead of the national budget and ongoing Covid-19 pandemic.
DSEX, the key index of the Dhaka Stock Exchange (DSE), went up by 6.26 points or 0.15 per cent to close at 3,962. Market operators said the country’s stock market has become almost buyer less as panic gripped investors amid the fast-spreading virus which would hurt the earnings of listed companies.
“Investors are also cautiously monitoring the budget announcements before making any further investment decisions,” said the stockbroker.
The depressed market outlook kept the investors worried, which resulted into poor market participation, he said. He noted that the lack of institutional buyers coupled with current floor price limitation is preventing many investors from buying and selling shares as their desired price level.
