The benchmark index of Dhaka Stock Exchange General Index (DGEN) lost 313 points in a repeat of fall on the very first day of the week as investors went for panic sale as the government in its proposed budget did not allow investment of black money in stocks.
Additionally, the opposition BNP-Jamaat lineup Sunday enforced a staggering shutdown for 36 hours amid high political tensions for the government-opposition standoff over constitutional amendment dropping the provision of pre-poll caretaker government.
The price index on DSE went on a slide at the very outset of day’s trading, when the marathon hartal enforced by the opposition had already gone underway. At the close of day’s trading, the index shed over 313 points to stand down at 5,676.
Of the traded issues, 252 declined, five advanced and two remained unchanged.
Chittagong stocks also marked a sharp fall Sunday, with the CSE Selective Categories Index climbing down to 10182 by dropping 496 points.
Out of the issues traded on the day, 186 declined, six gained and one remained unchanged.
According to experts, the market situation deteriorated due to the government’s budgetary plan for the next fiscal year that denied scope for investing black money as well as untaxed money in the stock market.
Meanwhile, both the bourses have already urged allowing money whitening through the stock market.
Experts also blamed the 36-hour nonstop countrywide hartal being enforced by the opposition BNP and its main ally Bangladesh Jamaat-e-Islami for the massive slide of indices Sunday on the already-shaken bourses.
Additionally, the opposition BNP-Jamaat lineup Sunday enforced a staggering shutdown for 36 hours amid high political tensions for the government-opposition standoff over constitutional amendment dropping the provision of pre-poll caretaker government.
The price index on DSE went on a slide at the very outset of day’s trading, when the marathon hartal enforced by the opposition had already gone underway. At the close of day’s trading, the index shed over 313 points to stand down at 5,676.
Of the traded issues, 252 declined, five advanced and two remained unchanged.
Chittagong stocks also marked a sharp fall Sunday, with the CSE Selective Categories Index climbing down to 10182 by dropping 496 points.
Out of the issues traded on the day, 186 declined, six gained and one remained unchanged.
According to experts, the market situation deteriorated due to the government’s budgetary plan for the next fiscal year that denied scope for investing black money as well as untaxed money in the stock market.
Meanwhile, both the bourses have already urged allowing money whitening through the stock market.
Experts also blamed the 36-hour nonstop countrywide hartal being enforced by the opposition BNP and its main ally Bangladesh Jamaat-e-Islami for the massive slide of indices Sunday on the already-shaken bourses.
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