Stocks start week in nosedive

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BSS, Dhaka :
Country’s both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) began the week in downbeat following profit booking sell of risk-averse investors.
DSE witnessed a nosedive in its benchmark index on Sunday as the investors’ continued to bag profits that saw price surge in the last few weeks.
The market started the day’s session with profit booking sell pressure and continued till the end without any sign of reversal.
Lack of buoyancy among the investors fueled the selling pressure in the market which contributed to the big fall in indices. The broad index, DSEX settled at 4858.36 points on Sunday, the first working day of week, with a loss of 58.60 points or 1.19 percent.
Besides, two selective indices, Blue Chip index, DSE30 and Shariah index, DSES also went down by 21.77 points and 10.16 points to settle at 1647.59 points and 1098.63 points respectively.
On the DSE trading floor, a total number of 181,853 trades were executed in Sunday’s trading session with a trading volume of 399.78 million securities.
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