Dhaka, April 13 -- Stocks ended lower on Sunday as the BERC announced a gas price hike for captive power plants and industries.
The DSEX, the key index of the Dhaka Stock Exchange, sank to a two-month low, dropping 35.6 points to close at 5,170 - down from 5,205 in the previous session.
Dhaka stocks tumbled as dominant sell-offs, particularly in manufacturing sector shares, followed the BERC's abrupt announcement of a gas price hike for captive power plants and industries. This development triggered a negative reaction among investors, prompting many to adopt a cautious stance amid fears of a continued market downturn, according to EBL securities.
The blue-chip index DS30, comprising 30 leading companies, decreased by 15.93 points to 1...
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