Business Desk :
Bangladesh’s stock market bled and the benchmark index saw a massive fall today after Russia attacked Ukraine sending oil prices higher in the world market. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), plunged 109 points, or 1.57 per cent, to 6,839 on Thursday.
At the premier bourse of the country, 326 stocks declined, 30 advanced and 21 remained the same. As the attack has already hit the world oil market and it may dampen the situation, then the listed companies will also get affected by the higher prices, said market analysts.
Russian President Vladimir Putin on Thursday announced a military operation in Ukraine, claiming it is intended to protect the civilians.
The world economy is also in a challenging position as Russia is an economically influencing country, so the stock market is affected, they added. Amid the selling spree, the DSE’s turnover rose 18 per cent to Tk 1,050 crore at the end of the day. Stocks of Beximco Ltd traded mostly worth Tk 89 crore followed by Orion Pharmaceuticals, Bangladesh Shipping Corporation, Dragon Sweater and Spinning, and Olympic Industries.
Imam Button shed heavily that dropped 6.81 per cent followed by Yeakin Polymer, ADN Telecom, Apex Spinning, and Union Insurance.
Pacific Denims topped the gainers’ list that rose 9.91 per cent followed by Crown Cement, Nurani Dyeing, Evince Textile, and Dragon Sweater and Spinning. The Chittagong Stock Exchange (CSE) also slumped on Thursday. The CASPI, the main index of the bourse of the port city, plummeted 322 points, or 1.58 per cent, to 19,991. Among the traded 309 stocks, 36 stocks advanced, 254 fell and 19 remained unchanged.
