DSE indices\\\' plunge continues
FE Report | Monday, 27 April 2015
The prime index of the Dhaka Stock Exchange (DSE) fell 2.33 per cent Sunday, the steepest single-day fall in the last 21 months, as fear of political uncertainty triggered a fresh wave of panic sell-off.
Sunday's fall was the biggest single-day fall in 21 months since July 23, 2013. On that day DSEX plunged 3.09 per cent or 125.18 points.
"With political outlook being volatile ahead of city corporation elections, investors kept a watchful eye on the market and weakened positioning. Eventually the bourse closed lower," said an analyst, seeking anonymity.
He said the pessimism turned into panic on the day over fear of political unrest ahead centring the election, forming a mass sell-off pressure. As a result, indices kept sliding for the five consecutive sessions.
babulfexpress@gmail.com