DSE index drop for 5th straight day

Ittefaq Report

The index of Dhaka Stock Exchange (DSE) has dropped for 5th consecutive working days on Monday

Monday’s fall of stocks was the biggest since August 23, 2017.

The stocks of Chittagong Stock Exchange also dropped on the day.

Trading on the Dhaka Stock Exchange started strong on Monday before a sharp drop.

The benchmark index, DSEX, fell as much as 1.98 percent in an early swing before it pared down losses to close 0.31 percent lower. The index has lost 6 percent so far this year.

The Chittagong Stock Exchange index, the CASPI, fell nearly 88 points to 18,130.

On Sunday, Dhaka Stock Exchange saw the biggest drop in index in the last 33 months.

The DSE stocks experienced a drop of 2.21 percent, the sharpest since April 26, 2015. On that day, the shares dropped 2.26 percent to 4,094 points.

At the close on Sunday, Dhaka Stock Exchange’s broad index, or DSEX, fell 133 points to 5,888 points.

The rate dropped down so fast as the investors dumped shares.

This year, just into February, the DSEX has already lost 5.7 percent. The index is 7.3 percent below a 52-week high reached on November 27 and 12 percent above the 52-week low recorded on February 5 last year.

The DSE index fell nearly 327 points in the six working days before Sunday and 380 points in the past 30 working days.

The Dhaka Stock Exchange authority has called an emergency meeting over the market rout.

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