DSEX slips below 5,900 as investors book profits
Bangladesh, July 20 -- The benchmark index of the Dhaka Stock Exchange (DSE) slipped below the 5,900-point mark on Sunday, as investors booked profits in recently rallied stocks while assessing the potential impact of proposed changes to the country's margin financing rules.
Market analysts say broad-based selling pressure hit major sectors, including insurance, engineering, food, pharmaceuticals, telecommunications and banking, following weeks of strong gains.
The DSEX had climbed above the 5,900-point level for the first time in nearly two years last week, buoyed by a series of regulatory reforms and capital market-friendly government policies that boosted investor confidence.
"The recent rally prompted many short-term investors to ...
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