BSS
  24 Feb 2022, 18:53

Stocks plunge on Russia-Ukraine crisis

  DHAKA, Feb 24, 2022 (BSS) - Country's both the bourses, Dhaka Stock 
Exchange (DSE) and Chittagong Stock Exchange (CSE) - today plunged on 
psychological effects after Russia attacked Ukraine.

   The DSEX, the benchmark index of the DSE, plunged 109 points, or 1.57 per 
cent, to 6,839. Two other indices also ended sharply lower with the DSE 30 
Index, comprising blue chips, plunged 35.53 points to finish at 2,514 and the 
DSE Shariah Index (DSES) lost 22.83 points to close at 1,475.

   At the premier bourse of the country, 326 stocks declined, 30 advanced and 
21 remained the same.

   As the attack has already hit the world oil market and it may dampen the 
situation, then the listed companies will also get affected by the higher 
prices, said market analysts.

  Amid the selling spree, the DSE's turnover rose 18 per cent to Tk 1,050 
crore at the end of the day.

  Stocks of Beximco Ltd traded mostly worth Tk 89 crore followed by Orion 
Pharmaceuticals, Bangladesh Shipping Corporation, Dragon Sweater and 
Spinning, and Olympic Industries.

  Imam Button shed heavily that dropped 6.81 per cent followed by Yeakin 
Polymer, ADN Telecom, Apex Spinning, and Union Insurance.

  Pacific Denims topped the gainers' list that rose 9.91 per cent followed by 
Crown Cement, Nurani Dyeing, Evince Textile, and Dragon Sweater and Spinning.

  The Chittagong Stock Exchange (CSE) also ended sharply lower with the CSE 
All Share Price Index - CASPI -losing 322 points, or 1.58 per cent, to 
19,991.

  Among the traded 309 stocks, 36 stocks advanced, 254 fell and 19 remained 
unchanged.