The Benchmark General Index DGEN was down by 2.34 per cent. Following previous day's verdict regarding director's writ which went in favor of the SEC, investors are in confusion about whether buy period for directors will be extended. One of the directors filed a new writ against SEC regarding buy period extension. The deadline for buy completion was 21st May, 2012. Resultantly, the market broke through key support at 5000 level and closed marginally above 4900.
Overall liquidity condition in the market is quite poor with daily trade value of Tk 2.62 billion. Institutional participation remains low and other market participants' cautious, leading to the poor turnover. All sectors ended down on the day with Insurance sector the top loser.