DSEX drops 132 points as Beximco share manipulators record fined
The blue-chip index DS30 also dropped by 51 points to settle at 1,988 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 132 points to close at 5,453.
The blue-chip index DS30 also dropped by 51 points to settle at 1,988 during the session.
At that time, 29 issues advanced, while 347 declined and 22 remained unchanged.
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The turnover value stood at Tk440 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.
