DSEX, the key index of the Dhaka Stock Exchange (DSE), has plunged in the first trading hour on Sunday as the banking sector witnessed a falling price rate even after posting a quarterly financial gain.
According to a merchant bank official, the banking sector stocks price have increased in the last few days. Thus investors are taking advantage of capital gain by selling shares.
Meanwhile, the insurance sector witnessed a price hike in the downward market.
During the session, DSEX fell by 0.05% or 3.38 points to 5,809 till 11:00 am.
DSE turnover, a significant market indicator, dropped by 15% to Tk472.26 crore in the corresponding period.
DSE had 133 gainers against 146 losers, while prices of 63 scrips remained unchanged.
Beximco Limited secured the apex position on the DSE turnover chart, followed by NRBC Bank and Pioneer Insurance.
Aman Feed, Dacca Dyeing, and NRBC Bank touched the circuit breaker limit at 10% in the first trading hour.
This month NRBC Bank's share price jumped by 150% to Tk30 each.
On the other hand, the benchmark index CASPI at the Chittagong Stock Exchange (CSE) gained 17 points to 16,855 till 11:00 am.