Economic Reporter :
The broader price index of Dhaka Stock Exchange (DSE) lost further 27.92 points at Tuesday’s close, nearing four months low as market was witnessing a continuous fall due to lack of a clear direction.
The DSEX finished Tuesday’s session below 4500-point mark at 4484.03, which was the lowest in nearly four months after 4475.81 on November 6, 2015.
Similarly, the two selective indices – blue-chip DS30 and Shariah DSES – closed at 1715.41 and 1089.07 respectively, the lowest after December 20 last year.
Market analysts attributed the ceaseless fall to the heavy sell off and price erosion in the large-cap securities. Like many of the previous trading sessions, Tuesday’s fall was also a result of voluminous sale and price fall in bigger issues including GP, BATBC, Square Pharma, Bata Shoe and Beximco Pharma.
The entire major sectors including NBFI, food and allied and bank suffered loss while only cement sector posted marginal gain. The traded securities also incurred loss across the board, with 178 closing lower against 96 marginally advancing issues.
The wholesale price fall resulted in low-level transaction. The daily trade value on Tuesday was nearly 5.0 percent lower at Taka 440 crore when the volume fell by over 8.0 percent to 11.95 crore shares.
