DSE's turnover plunges to 13-year low
A massive fall in its turnover today sees the Dhaka Stock Exchange to plummet to its lowest position in 13 years.
Turnover, an important indicator of the liquidity of the shares of companies trading in the stock market, plunged 72 percent to Tk 42.97 crore today.
The previous lowest was Tk 40.39 crore on April 24, 2007.
Due to the floor price set by the stock market regulator, investors cannot trade their shares at the market forced price, said a top broker.
Therefore, turnover has fallen to a historical low position, even though the market is open but it has become almost illiquid due to the floor price.
Bangladesh Securities and Exchange Commission set the floor price by considering average price of the previous five trading days on March 19 to stop further fall of index amid the coronavirus pandemic.