DSEX drops 77 points as Beximco share manipulators record fined
The blue-chip index DS30 also dropped by 26 points to settle at 2,013 during the session
In the first trading day following the record fine for manipulating the share price of Beximco Limited, the benchmark index DSEX of the Dhaka Stock Exchange (DSE) plunged by 77 points to close at 5,508 till 10:30am.
The blue-chip index DS30 also dropped by 26 points to settle at 2,013 during the session.
At that time, 42 issues advanced, while 264 declined and 35 remained unchanged.
The turnover value stood at Tk79 crore.
Yesterday (2 October), the Bangladesh Securities and Exchange Commission record fined the nine investors for manipulating the share price of Beximco Limited. Market insiders thought the strict action the regulator took could restore investor confidence.
However, a group of investors discussed on social media that the manipulators will drag down the market index following the record fine.