Stocks fall after gaining for two days
The stock market fell today after two days of its run in the gain thanks to the profit booking tendency in the large capital-based companies.
DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), dropped 36 points, or 0.50 per cent, to 7,191.
The large paid-up capital-based companies rose by around 10 to 12 per cent on an average in the last few days so people are taking profits, according to the market analysts.
Turnover, an important indicator of the market, decreased around 6 per cent to Tk 2,033 crore today, down from Tk 2,171 crore a day earlier.
Bangladesh Autocars topped the gainers' list that rose 9.94 per cent followed by Aziz Pipes, aamra Technologies, Unique Hotels, and Rupali Insurance.
Popular Life First Mutual Fund shed mostly in the market that fell 10 per cent followed by AB Bank First Mutual Fund, PHP First Mutual Fund, Trust Bank First Mutual Fund, and First Janata Bank Mutual Fund.
At the DSE, 106 stocks rose, 244 declined and 26 remained unchanged.
Stocks of Beximco Ltd traded mostly that worth Tk 132 crore followed by LankaBangla Finance, Beximco Pharmaceuticals, SAIF Powertec and IPDC.
The Chattogram Stock Exchange (CSE) also fell today. The CASPI, the general index of the port city bourse, edged down 158 points, or 0.74 per cent, to 20,982.
Among 316 traded stocks, 88 advanced, 213 fell and 15 remained unchanged.