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Home Business Even after the Eid holiday, there is a big fall in the stock market due to the shortage of buyers

Even after the Eid holiday, there is a big fall in the stock market due to the shortage of buyers

by endroar
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According to data from multiple brokerage houses, well-founded shares played a major role in the decline in Dhaka market today. Companies that led the index to decline include Beacon Pharma, British-American Tobacco, Square Pharma, BRAC Bank, National Bank, Orion Pharma, Publi Bank, Beximco Pharma, IFIC Bank and LafargeHolcim Cement. Because of these 10 companies, the main index of the Dhaka market fell by 35 points yesterday.

Market participants say that investors' lack of confidence in the market is increasing as the share prices of good companies continue to fall. On the other hand, medium and weak quality companies are ahead in market transactions and price growth. The top five gainers in the Dhaka market were Deshbandhu Polymer, First Finance First Mutual Fund, Fu-Wang Food, Karnaphuli Insurance and Midland Bank. Of these, Deshbandhu Polymers paid only 2.5 percent cash dividend to investors last year. Fu-Wang Food is in dire financial straits. Due to this, the company could not pay any dividend to the investors after 2020. Still, the share prices of these companies are increasing by leaps and bounds. Over the past few years the market has become dependent on a number of manipulative stocks.

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