Stocks snap two-day gaining streak

Stocks listed with the Dhaka Stock Exchange (DSE) fell today, breaking a two-day gaining streak as the investors went for booking profits.

The DSEX, the benchmark index of the DSE, fell 7 points, or 0.11 per cent, to 6,332.

However, the DS30, the blue-chip index, advanced 0.04 per cent to 2,198 and the DSES, the shariah-compliant index, rose 0.09 per cent to 1,369.

Turnover, an important indicator of the market, remained unchanged at Tk 1,174 crore.

Of the traded securities, 72 advanced, 111 declined and 197 did not show any price movement.

Paramount Insurance increased mostly by posting a rise of 10 per cent followed by Meghna Insurance that rose 9.95 per cent, CAPM IBBL Islamic Mutual Fund 9.92 per cent, Midas Financing 9.91 per cent and Trust Islami Life Insurance 9.7 per cent.

Oimex Electrodes topped the list of losers by shedding more than 7.17 per cent. Midland Bank, Renwich Jajneswar, Shyampur Sugar Mills, and Bangladesh General Insurance suffered substantial losses as well.

Intraco Refueling Station was the most-traded stock of the day with its shares worth Tk 36 crore transacted.

Stocks of Bashundhara Paper Mills, Lafarge-Holcim Bangladesh, Sea Pearl Cox's Bazar Beach Resort and Spa, and Unique Hotel also traded significantly.

The stocks on the Chittagong Stock Exchange also rose today. The Caspi, the all-share price index of the bourse in the port city, fell 3 points, or 0.02 per cent to close at 18,681.

Of the issues at the Chattogram bourse, 65 rose, 74 retreated and 103 did not see any price movement.

Turnover, however, edged down to 36 per cent to Tk 14 crore from the previous day's Tk 19.40 crore.