DSE falls for fourth consecutive day

The index of the Dhaka Stock Exchange (DSE) dropped for the fourth consecutive day today though the turnover of the country's premier bourse just crossed Tk 500 crore mark.

The DSEX, the benchmark index of DSE, went down 21 points, or 0.31 per cent, to 6,641 at the end of the day.

However, the turnover, an important indicator of the market, rose to Tk 515 crore, 5 per cent up from the previous day's Tk 490 crore.

At the DSE, 99 stocks advanced, 230 declined and 52 remained the same.

JMI Hospital Requisite Manufacturing topped the gainers' list with about a 10 per cent rise. Imam Button, Safko Spinning, Anwar Galvanizing, and Fareast Finance also saw major gains.

Uttara Bank shed the most with a 13.8 per cent drop. Brac Bank, Shahjalal Islami Bank, Mercantile Bank and Bangladesh National Insurance were among the heavy losers.

Beximco became the most traded stock with shares worth Tk 42 crore changing hands followed by Sonali Paper, LafargeHolcim Bangladesh, GBB Power and Bangladesh Building Systems.

The Chittagong Stock Exchange (CSE) also fell today. The CASPI, the main index of the CSE, edged down 65 points, or 0.33 per cent, to close the day at 19,501.

Of the 265 stocks traded, 56 rose, 170 fell, and 39 did not see any price movement.