Stocks fall at open as govt raises fuel prices
Bangladesh, Sept. 21 -- Stocks fell in early trading on Monday after gaining for four consecutive sessions, as investors reacted negatively to a fuel price hike.
The government has raised the prices of all four major petroleum products by Tk 20 per litre, citing a global price hike.
Advertisement
The market was also affected by the US Federal Reserve's decision to raise its benchmark interest rate by 25 basis points on Wednesday-the first increase in more than three years. The Fed lifted its target range to 3.75-4.00 per cent and indicated that further tightening could follow. Investors feared inflationary pressure in the coming days as production costs rise further.
The benchmark DSEX index fell 9 points, or 0.16 per cent, to 5,583 ...
Click here to read full article from source
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.