Key stock index hit over 6-month low

Key stock index hit over 6-month low

0

The key index of Dhaka Stock Exchange (DSE) hit six and half months low at 4585.72 on Wednesday, losing 63.57 points or over 1.36 percent to close the session in solid red.The DSEX came down to the lowest level after September 1, 2014 when it closed at 4554.97. Wednesday’s position was also 748 points down from its recent 5334.0 points peak in last October.The blue-chip DS30 and Shariah DSES also suffered loss to end the session at 1716.54 and 1105.99 respectively. The loss to the selective indices was, however, lower than the broader index.”Investors delivered a kneejerk to last session’s positive close, deciding to book the gain. Consequent massive sell pressure displaced the market, forcing solid 63.60 points off DSEX”, said IDLC Investment Limited.The market gained in the past two consecutive sessions, with taking prices of some shares up and marginally profitable for many investors. Resultantly, market saw higher trading activities when turnover volume was up by 9.68 percent to 6.21 crore shares and the value was higher by 21.58 percent to Taka 310 crore.

 

Share.
Loading...

Comments are closed.