Sunday, June 12, 2011

Stocks plunge amid hartal

The Dhaka and Chittagong stocks suffered massive fall as the two bourses went into business on Sunday amid a 36-hour general strike.

The benchmark index of the Dhaka Stock Exchange (DSE) went down over 300 points to register the highest fall since Mar 13 when it lost about 459 points.


On Sunday, the DSE general index shed 313.52 points or 5.23 percent to 5676.28.


It lost 195.12 points or 3.25 percent to 5794.69 at 11:53am.


Of the 259 traded issues in the day, only five advanced, 252 declined and two remained unchanged.


The turnover stood at Tk 5.96 billion.


The Chittagong Stock Exchange (CSE) Selective Categories Index closed at 10182.49 points, down 496.81 points or 4.65 percent.


It slipped by 188.98 points or 1.76 percent to 10490.32 at 11:50am.


Out of the 193 traded issues, six gained, 186 lost and one remained unchanged.


Earlier, trading on the country's premier bourse began as per the schedule with the fulfilment of quorum despite the shutdown being enforced by the BNP and Bangladesh Jamaat-e-Islami from the daybreak.


Trading began at 11:00am when 151 members logged on to trade on the DSE on the first day of the 36-hour shutdown.


"We need 72 members to fulfil the quorum, but 151 members started trading at the beginning," said DSE public relations officer Mohammad Shafiqur Rahman.

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