Both stocks tumble as clouds over economy darken further
Dhaka, Oct. 4 -- Both Dhaka and Chittagong stock exchanges closed lower on Monday snapping their three-day gaining streak as the clouds over the economy darkened further after a fall in exports and remittance receipts in September.
Exports fell 6.25 per cent year-on-year to $3.9 billion last month while remittances dropped 11 per cent to $1.54 billion, data from the Export Promotion Bureau and the Bangladesh Bank showed.
The weakening macroeconomic situation left investors worried.
As a result, the DSEX, the benchmark index of the premier bourse in Bangladesh, lost 13 points, or 0.20 per cent, to close at 6,518.
Both DS30, the blue-chip index, and DSES, the shariah-based index, were down 0.32 and 0.10 per cent respectively.
Of the se...
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