The benchmark index of the Dhaka Stock Exchange (DSE) plunged 90.56 points, its six-month single-day fall, on Wednesday but setting a record turnover that crossed Tk 14.0 billion mark for the first time.
Traders said strong rumours of further curbs on loan margin ratio and suspension of netting facility has put an end to the 16th straight session gaining streak.
A member of the SEC strongly ruled out such an intervention billing the rumour as 'bogus'.
Sources close to the matter said, "Somebody from the Securities and Exchange Commission asked the merchant bankers to temporarily suspend netting facility." Analysts, however, said there could have been normal profit taking after the long rally.
The plunge could have been deeper but modest buying in the closing hour shrank the day's deepest decline to record at 4848.68 points from 4640.25 points intra-low.
The intra-day volatility was more than 200 points, which is the highest ever in DSE.
Eventually, the benchmark DSE General Index (DGEN) dipped 90.56 points or 1.88 per cent --- its highest single-day fall since December 20 last year --to close at 4704.14. Earlier on December 20, 2008, it lost 81.40 points.
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