DSE tradeless for fourth time

Delhi Stock Exchange on Tuesday recorded 8216;zero8217; business for the fourth time as it remained tradeless with most of the brokers executing transactions on other bourses for their market depth.

Despite plunging share values as investors and funds turned nervous sellers on Foreign Minister Jaswant Singh8217;s response to Pakistan President Musharraf8217;s address, the DSE was lifeless as all transaction shifted to leading bourses like NSE and BSE.

Marketmen said any effort made by the exchange to lift trading volumes failed to work as market seemed to have lost depth.

Also special arrangement by the board to appoint market makers to create liquidity in the market also failed. The business volume, which was Rs 100 a day on May 2, the lowest in the exchange8217;s history, has been on the downswing since the beginning of this fiscal. Earlier, the business volume touched zero on May 10, 13 and 20. Only 17 trading terminals were attached to the on-line trading system with no transaction taking place throughout the day.