Business Desk :
Stocks plummeted on Sunday with turnover hitting a 10-month low, as investors were mostly reluctant to make fresh investments amid fear of global economic turmoil due to the Russia-Ukraine war.
The market opened on a negative note and the downward trend continued throughout the session amid no sign of reversal.
Finally, DSEX, the key index of the Dhaka Stock Exchange (DSE), slid 67.54 points to settle at 6,698, after gaining a remaining flat in the past three consecutive sessions.
Market insiders said many investors remained worried about a possible adverse impact of the Russia-Ukraine war on the country’s economy while some were reluctant to make fresh investment in stocks ahead of the holy Ramazan.
“Most investors remained on the sidelines owing to the temporary circuit breaker, which caused many stocks to remain dearer at the current price level for the investors,” said the stockbroker.
Two other indices also ended lower with the DSE 30 Index, comprising blue chips, dropping 23.50 points to finish at 2,434 and the DSE Shariah Index (DSES) fell 13 points to close at 1,441.
