Dhaka stocks continue to bleed
The Dhaka stocks continued to bleed for the last four days to its one and half-month low due to the thin participation of institutional investors as well as general investors amid the confidence crisis.
Dhaka Stock Exchange's (DSE) benchmark index — DSEX — lost 37.14 points to 5,033.53 today while giving up a total of 145.17 points in the last four trading sessions.
Market insiders said the institutional investors are very cautious to invest in the market as they think it may fall further.
On the other hand, they are suffering from liquidity crisis too, so the market is impacted with their narrow involvement.
Two other indices also ended lower. The DS30 index, comprising blue chips, fell sharply by 16.42 points to finish at 1,775 and the DSE Shariah Index lost 5.96 points to close at Tk 1,172.
However, turnover of the DSE rose 37 percent to Tk 442.90 crore.
Losers outnumbers the gainers as out of 354 issues traded, 209 closed lower, 100 ended higher and 45 remained unchanged on the DSE trading floor.