News Briefs-(09-01-2018)

Dhaka bourse witnesses sharp fall

Dhaka bourse Monday witnessed a sharp fall extending the losing streak for the third consecutive session following correction witnessed by almost all sectors. All but one listed banks went red and subsequently the broad index of the Dhaka Stock Exchange (DSE) declined sharply. Market insiders said banking sector observed massive correction as investors remained alert following some recent scams which affected the sector. "They also adopted wait-and-see policy ahead of the monetary policy to be unveiled soon," said the chief executive officer of a leading merchant bank. The market Monday started the day's session on a positive note and a flat movement continued for fifteen minutes. Later, the DSE broad index, DSEX started to decline that continued till closure following investors' selling spree. During the trading session, no strong recovery stance was observed and at the end of the session, the DSEX closed at 6210.50 with a loss of 0.92 per cent or 57.91 points. All indices on Chittagong Stock Exchange (CSE), the second bourse of the country also declined sharply on Monday. The benchmark index, CASPI closed at 19228 with a loss of 165 points. Of 232 issues traded, 53 advanced, 141 declined and 38 were unchanged and the turnover stood at above Tk 401 million on CSE.— FE Report

BDBL accords reception to Food Secretary

Board of Directors of Bangladesh Development Bank Limited (BDBL) Monday congratulated with a flower bouquet to its Director Sahabuddin Ahmed for his appointment as Secretary - in -charge of Ministry of Food. Managing Director Manjur Ahmed, Director Md. Ekhlasur Rahman, Mushtaque Ahmed, Md. Abu Hanif Khan, Dr. A.K. Ubaidur Rob, Syed Aftear Hussain Pear and Salma Nasreen ndc attended the meeting.— Statement