The Dhaka Stock Exchange experienced a significant downturn as the regulator lifted price curbs, resulting in a drop in the prices of 322 shares within the first half-hour of trading.
Kicking off at 10 am on Sunday, the stock market faced a notable shift by 10:30 am, with 92 percent of the 349 listed companies and mutual funds seeing a decrease in prices. While 4 percent (14) of shares witnessed a rise, 13 remained unchanged.
The decline in prices prompted a downward trend in the DSE’s main index, DSEX, which plummeted 168 points in the initial half-hour of trading, sliding from 6,336 to 6,168. Amid market fluctuations, the index briefly hit 6,122, recovered to 6,177, and then dipped again. However, as trading progressed, the index gradually rebounded, reaching 6,197 by 11 am.
As of now, there are 392 companies and mutual funds listed in the capital market. The Bangladesh Securities and Exchange Commission (BSEC), the capital market regulator, made the decision to remove minimum prices on 357 stocks on Thursday. Notably, the circuit breaker rules remain intact, with a maximum limit of 10 percent to control extreme fluctuations. Investors and stakeholders continue to monitor the evolving market conditions.
