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Core index tumbles below 5,000-mark

FE Report | September 12, 2019 00:00:00

The prime index of the major bourse tumbled below the 'psychological' threshold of 5,000-mark again Wednesday as cautious investors continued their selling binge on major sectors' shares.

Brokers said the falling share prices triggered the panic sale, pulling the market further down. The telecom regulator's strict stance on Grameenphone coupled with the falling export earnings news sparked the fall.

At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange, went down by 75.78 points or 1.51 per cent to settle at 4,933.

The port city's bourse, the Chittagong Stock Exchange, also ended lower with its All Shares Price Index (CAPSI) -- CASPI-slumping by 213 points to close at 15,014 and the Selective Categories Index - CSCX - shedding 132 points to finish at 9,114.


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