Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 437 Thu. August 18, 2005  
   
Business


Stocks slide on serial blasts


Share trading on the two bourses took a tumble yesterday following the countrywide serial bomb blasts that killed one person and injured over 100.

When the news of bomb blasts poured into brokerage houses, share prices started falling sharply, a broker at Dhaka Stock Exchange (DSE) said.

At one stage, buy-sell orders came to a standstill, another broker said.

All Share Price Index of DSE fell by 14.02 points or 1.17 percent to close at 1183.18 points yesterday.

On the Chittagong Stock Exchange, the CSE All Share Price Index shed 27.68 points or 0.89 percent to close at 3083.27 from Tuesday's 3110.95.

A bank official, who deals with share section, said the price of the bank's share fell to Tk 160 at 12 noon yesterday against Tk 182 on Tuesday. "However, the price of the share later reached Tk 180," he added.

Salahuddin Ahmed Khan, chief executive officer of DSE, said the blasts cast an adverse impact on the country's capital market.

In an unprecedented scale of terror attacks, a banned Islamist militant group simultaneously blasted over 300 time bombs in 63 of 64 districts across the country.

The terrorists meticulously calculated the timing of the blasts between 11:00am and 11:30am, targeting government establishments, mainly the offices of the local district administrations and courts.

The DSE-20 Index shed 22.69 points or 1.34 percent to close at 1688.41 yesterday.

DSE General Index also fell by 18.48 points or 1.18 percent to close at 1547.45 points from Tuesday's 1561 points.

A total of 163 issues were traded on the DSE yesterday. Of them, 32 gained, 113 declined and 18 remained unchanged.

The CSE-30 Index declined by 46.83 points or 1.58 percent to close at 2906.44 from 2953.27 points on the previous trading day.

A total of 64 issues were traded on the CSE yesterday. Of them, 9 gained, 41 declined and 14 remained unchanged.