Stocks keep falling

Stocks in Bangladesh continued to fall for the second consecutive day amid poor participation of investors today.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), dropped 51 points, or 0.81 per cent, to 6,253 at the end of the trading.

Turnover, an important indicator of the market, hit Tk 714 crore, which was down by 1.3 per cent from the previous session's Tk 724 crore.

The DS30, the blue-chip index, plummeted 14 per cent to 2,198 while the DSES, the Shariah-complaint index, fell 11 per cent to 1,358.

Of the securities, 25 advanced, 61 declined and 239 did not show any price movement.

Chartered Life Insurance Company topped the gainers' list with a 9.96 per cent rise. Sonali Aansh Industries, Reliance Insurance, and National Tea Company were also on the top list.

Orion Infusion suffered the most, sliding more than 12 per cent. Orion Pharma, Sinobangla Industries, Navana Pharmaceuticals, and JMI Hospital Requisite Manufacturing were among the heavy losers.

Meanwhile, the Chittagong Stock Exchange dropped today for the second straight day.

The Caspi, the all-share price index of the port city bourse, lost 105 points, or 0.56 per cent to end at 18,530.

Of the issues, 18 advanced, 50 declined and 107 did not show any price movement.