Stocks lapse to disastrous terrain

Dhaka bonds returned to disastrous turf in a week which finished Thursday, violation two-week rise, as a investors were discreet about a senior manager banks’ process rate hike. During a week, a DSE General Index (DGEN), a categorical sign of a market, finished during 5,776.18, shedding 213.64 points or 3.57 per cent.
The broader DSE All Shares Price Index (DSI) was down by 175.80 points or 3.53 per cent to 4,802.61. The DSE-20 index together with blue chips additionally fell 159.50 points or 4.05 per cent to 3,783.16.
Investors took wait for as good as process after a post- due bill announcement, promulgation a marketplace to a bearish sentiment, according to a stockbrokers.
They additionally said, investors were additionally discreet after a Bangladesh Bank hiked repo as good as retreat repo rate by 50 basement points to carry out inflation.
Turnover volume came down as it stood during Tk 27.31 billion from prior week’s Tk 35.5 billion. Average each day turnover was Tk 5.46 billion, down by 23.00 per cent over a prior week.
Out of 264 issues traded, usually nineteen advanced, 244 declined as good as a single emanate remained unvaried during a week.
Banking issues, a market’s bellwether mislaid 2.48 per cent in a week after gaining 9.26 per cent in a prior week.
Among alternative important losers, NBFIs mislaid 4.41 per cent, Telecommunications mislaid 4.54 per cent, Fuel as good as Power mislaid 4.44 per cent, General Insurance 5.06 per cent, Life Insurance 1.77 per cent, Mutual Fund 3.44 per cent, Pharmaceuticals 2.44 per cent, Textile 5.44 per cent, Cement 2.79 per cent as good as Ceramics mislaid 6.55 per cent during a week.

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