Market operators said the suspension of netting facilities on the trading of non-marginable securities pushed down the turnover at the market.
Turnover at the DSE was Tk 1,028.36 crore on Monday, down by Tk 576.3 crore from the previous trading day on September 8.
Monday’s turnover was the lowest since April 20 when the turnover at the DSE was Tk 1,053 crore.
On September 5, the SEC suspended netting facility for non-marginable issues effective from the first working day after the Eid vacations to squeeze inflow of funds into the stock exchanges.
Stock prices also fell on Monday.
The benchmark general index of DSE decreased by 10.76 points, or 0.15 per cent, to close at 6,796.47 points.
Salahuddin Ahmed Khan, a former chief executive officer of the DSE, said the new directive of the SEC suspending netting facilities on trading of non-marginable securities -- against which investors are not entitled to get loans --mainly pulled down the market.
Market operators said net asset value-based margin loan evaluation policy and September 30 deadline for the adjustment of margin loans in line with the new policy prompted a selling pressure at the market.
DSE president Shakil Rizvi said at the opening trading hour index fell 120 points because of a selling pressure, but it regained some ground at the closing hour.
The downtrend would not last long, he added.
The broader DSE all shares price index decreased by 12.62 points, or 0.22 per cent, to close at 5,701.60 points on Monday.
A total of 250 issues traded on the market, 150 advanced, 91 declined and nine remained unchanged.
Beximco topped the turnover leaders with more than 1.95 lakhs shares valued at Tk 63 crore traded on the day.
The other turnover leaders were BSRM Steels, Al-Arafah Islami Bank, AB Bank, IFIC Bank, Bextex, Aftab Automobiles, National Bank, Titas Gas and One Bank.
Turnover at the DSE was Tk 1,028.36 crore on Monday, down by Tk 576.3 crore from the previous trading day on September 8.
Monday’s turnover was the lowest since April 20 when the turnover at the DSE was Tk 1,053 crore.
On September 5, the SEC suspended netting facility for non-marginable issues effective from the first working day after the Eid vacations to squeeze inflow of funds into the stock exchanges.
Stock prices also fell on Monday.
The benchmark general index of DSE decreased by 10.76 points, or 0.15 per cent, to close at 6,796.47 points.
Salahuddin Ahmed Khan, a former chief executive officer of the DSE, said the new directive of the SEC suspending netting facilities on trading of non-marginable securities -- against which investors are not entitled to get loans --mainly pulled down the market.
Market operators said net asset value-based margin loan evaluation policy and September 30 deadline for the adjustment of margin loans in line with the new policy prompted a selling pressure at the market.
DSE president Shakil Rizvi said at the opening trading hour index fell 120 points because of a selling pressure, but it regained some ground at the closing hour.
The downtrend would not last long, he added.
The broader DSE all shares price index decreased by 12.62 points, or 0.22 per cent, to close at 5,701.60 points on Monday.
A total of 250 issues traded on the market, 150 advanced, 91 declined and nine remained unchanged.
Beximco topped the turnover leaders with more than 1.95 lakhs shares valued at Tk 63 crore traded on the day.
The other turnover leaders were BSRM Steels, Al-Arafah Islami Bank, AB Bank, IFIC Bank, Bextex, Aftab Automobiles, National Bank, Titas Gas and One Bank.
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