File Photo
The stock market of Bangladesh witnessed a big fall on Monday (15 April), the first trading day after five days of Eid holiday.
The key index of the Dhaka Stock Exchange (DSE) was sinking below the 5,800 mark once again, as investors went for panic sell-offs to avoid further losses due to uncertainty in the Middle East, which is treated as a global energy trading hub.
The stock market remained closed for five days, from April 10 to April 14, on the occasion of the Eid-ul-Fitr and Pohela Boishakh, including weekly holidays.
Substantial price erosion of board cap stocks dragged the key index of the DSE over 85 points or 1.45 percent down to settle at 5,778, after remaining almost flat before the Eid holiday.
The prices of stock in the DSE had increased in the last 3 days before Eid holidays.
The DSES Index, which represents Shariah-based companies, also shed 16 points to 1,266 while the blue-chip index DS30, a group of 30 prominent companies, lost 17 points to 2,015.
Over 85 percent of traded shares saw price decline, as out of 395 issues traded, 336 declined, 32 advanced, and 27 remained unchanged on the DSE trading floor.
The Chittagong Stock Exchange plunged with its All Shares Price Index (CASPI) shedding 198 points to 16,534 and the Selective Categories Index (CSCX) losing 119 points to 9,940.
The market opened sharply lower which continued until end of the session with no sign of reversal amid persistently lackluster trade.
The participation of investors was very thin on the trading floor as most of the investors are yet to return to Dhaka after celebrating the Eid festival in their village homes.
Messenger/Sumon
