Sale pressure drags stocks down

block

Business Desk :
Sudden sale pressure in the last 30 minutes of the session dragged the market down on Monday.
At the end of the day, DSEX, the benchmark index of Dhaka Stock Exchange, decreased by 28 points to finish the day at 7,327.
Other indices, the shariah-based DSES went down by 0.22 point or 0.01 percent and the blue-chip DS30 increased by 23.55 points or 0.85 percent.
But the Dhaka stocks opened higher in line with the previous session’s rally. In the first 30 minutes into the trade, the benchmark index DSEX rose over 29 points or 0.39 percent. The momentum continued for over an hour and at one stage it crossed a 7,400 mark.
The market remained in the green for about 4 hours until the late sell-offs.
The stock market fell on Monday (October 4) after a five-day rally. Although most stocks and indices fell, transactions increased.
Over Tk 2,755 crore worth of shares were traded in the DSE on Monday, up nearly Tk 316 crore than the previous working day.
Share prices of 297 companies went down, while only 48 witnessed a slight rise and 31 remained unchanged on the day.

block