Stocks fall, but turnover crosses Tk 300 crore

Stocks fell today after rising for two days while the turnover managed to cross the Tk 300 crore-mark again after a break of four trading days.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), fell 8 points, or 0.13 per cent, to 6,193 from the previous day.

The DS30, the blue-chip index, dropped 0.15 per cent to 2,193 while the DSES, the index that represents shariah-based companies, decreased 0.18 per cent to 1,353.

Turnover, an important indicator of the market, increased 9 per cent to Tk 318 crore, up from the previous day's Tk 291 crore.

Among the traded companies, 36 advanced, 132 declined and 170 remained the same.

Pragati Life Insurance posted the highest appreciation, rising 9.98 per cent while Islami Commercial Insurance surged 9.78 per cent. Prime Islami Life Insurance advanced 8.22 per cent. Prime Islami Life Insurance, Popular Life Insurance and Fareast Life Insurance also surged over 5 per cent.

Orion Infusion suffered the sharpest fall, sliding 7.38 per cent while Bangladesh Monospool Paper Manufacturing dropped by 6.1 per cent and Kohinoor Chemical Industries by over 4 per cent.

Intraco Refueling Station was the most-traded stock on the day with its shares worth Tk 26 crore transacted.

Pragati Life Insurance, Sea Pearl Beach Resort & Spa, also saw significant transactions.

The Caspi, the all-share price index of the CSE, decreased 16 points, or 0.09 per cent, to end the day at 18,298.

Of the securities that transacted, 17 advanced, 45 declined, and 66 did not show any price movement.