The Benchmark General Index DGEN was down by 3.33 per cent today. The uncertainty surrounding the outcome of the writ filed by several directors challenging the minimum 2.0 per cent shareholding by individual directors of listed companies led to the sharp decline. The next hearing of the writ is on 18th May.
The sell-off gained further momentum as market broke through key support level at 5000. The next support level for the market lies around 4700 mark. Daily trade value for the day was Tk 3.84 billion. Broad based sell-off was noticed with almost all the sectors ending down.