Stocks at the country’s prime bourse Dhaka Stock Exchange (DSE) and Chattogram Stock Exchange (CSE) fell sharply on Monday due to the fear among institutional investors over the ongoing worldwide crisis amid the Russia-Ukraine war.
Despite repeated assurance from the market regulators that this is high time to invest in the share market as most of the stocks remain at the floor price and their Price Earning (PE) ratio is very low, investors keep them from buying shares.
However, small investors and some stock market analysts alleged that big or institutional investors are eying to buy shares with the lowest price by withdrawing the floor price. That is why they don’t buy shares now.DSEX, the key index of the DSE, tumbled 34.35 points or 0.55 per cent to 6,197 points. Two other indices also fell on the DSE trading floor.
DSES, the Shariah index fell 9.39 points or 0.68 per cent and DS30, the blue-chip index fell 10.80 points or 0.49 per cent.
Turnover, another key indicator of the market was only Tk 416.75 crore.
Out of the total traded issues, 12 advanced, 74 declined and 209 remained unchanged.
On the other hand, CSE also ended sharply lower with the CSE All Share Price Index (CASPI) -losing 72.85 points to settle at 18,329.39 and the Selective Categories Index (CSCX) shedding 43.65 points to close at 10,981.80.
Of the issues traded, 45 declined, 12 advanced and 57 issues remained unchanged on the CSE.
Bd-pratidin English/Golam Rosul
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