The market opened sharply lower on Monday as investors were seen selling shares heavily, fearing further fall.
Following the previous day’s sharp decline, the market opened lower this morning as the DSEX, the prime index of the Dhaka Stock Exchange (DSE), plunged 82.93 points to stand at 6,922, after one and a half hours of trading at 11:30 am.
The DS30 index, comprising blue chips, also fell sharply by 40 points to stand at 2,657 till then. the Shariah Index (DSES) shed 16 points to stand at 1,471 points at that time.
Turnover, another important indicator of the market, amounted to Tk 4.88 billion within the first hour of trading at 11:30 am.
Of the issues traded till then, 292 declined, 52 advanced, 27 issues remained unchanged on the DSE trading floor.
Beximco was the most traded stock till the filing of this report with shares worth Tk 468 million changing hands, closely followed by Delta Life Insurance and Orion Pharma.
The Chittagong Stock Exchange (CSE) also opened sharply lower with its All Shares Price Index (CASPI)—losing 239 points after one and a half hours.