📉 NDB Bank Shares Plunge 15% Following Trading Halt

• Banking Sector Performance: National Development Bank (NDB) shares fell 15.13% (Rs. 19.75) to close at Rs. 110.75. This follows a trading suspension triggered by a reported Rs. 13.2 billion fraud. • Market Impact: Despite the sharp decline, NDB dominated market activity, with 4.1 million shares traded. The bank generated Rs. 455 million in turnover, accounting for over 24% of the day’s total market turnover of Rs. 1.8 billion. • Index Contribution: NDB was the largest negative contributor to the All Share Price Index (ASPI), dragging it down by 67.05 points. While the broader banking sector index fell 0.8% due to NDB's weight, other major players saw gains. • Peer Performance: Commercial Bank: Up Rs. 0.50 to Rs. 199.75 Sampath Bank: Up Rs. 0.25 to Rs. 146.25 HNB: Up Rs. 3.25 to Rs. 398.25 Nations Trust Bank: Up Rs. 3.50 to Rs. 290.00 Amana Bank: Up Rs. 0.40 to Rs. 27.40 Union Bank: Up Rs. 0.30 to Rs. 13.30