Stocks fall for fourth day

Stocks in Bangladesh continued to drop for the fourth consecutive trading day today as shaky investors continued to sell shares.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), edged down 12 points, or 0.19 per cent, at 6,400 at the end of the day.

Turnover at the premier bourse slid 23 per cent to TK 1,005 crore which was Tk 1,297 crore on the previous trading day.

The DS30, the index that consists of blue-chip companies, remained flat at 2,277, while the DSES, the Shariah-complaint index, also was almost the same as the previous day's 1,406.

At the DSE, 49 stocks advanced, 100 declined and 220 remained the same.

JMI Syringes topped the gainers' list with a 10 per cent rise. Navana Pharmaceuticals, Anwar Galvanizing, Apex Foods, and Olympic Industries also advanced over 7 per cent.

The Peninsula Chittagong suffered the highest correction, sliding almost 13 per cent. BDCOM Online, Navana CNG, Paper Processing and Packaging, and Bangladesh Industrial Finance declined more than 8 per cent.

The CASPI, the all-share price index of the Chattogram Stock Exchange, decreased 41 points, or 0.21 per cent to end at 18,854.

Of the issues on the city bourse, 36 advanced, 80 declined, and 84 did not show any price movement.