Business Desk :
Stocks tumbled on Tuesday with the key index of the Dhaka Stock Exchange (DSE) falling below the 6,600-mark after one month as investors sold shares to avoid further losses.
Following the previous day’s modest correction, the market opened lower and the downturn continued until the end of the session with no sign of reversal.
Finally, DSEX, the prime index of the DSE, went down by 64.49 points or 0.97 per cent to settle at 6,574.
Two other indices also ended sharply lower with the DSE 30 Index, comprising blue chips, shedding 20.26 points to close at 2,431 and the DSE Shariah Index (DSES) fell 11.87 points to finish at 1,442.
Turnover, a crucial indicator of the market, stood at Tk 5.32 billion, which was 4.50 per cent lower than the previous day’s tally of Tk 5.57 billion.
Market analysts said the investors are struggling with a lack of confidence amid persistent volatility in the market.
“The market closed in the red again with no clear direction of the market due to the cautious trading behaviour of both buyers and sellers,” said a leading broker.
