Stocks keep falling

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

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

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

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

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 on the list.

Orion Infusion suffered the most, sliding down by more than 12 per cent. Orion Pharma, Sinobangla Industries, Navana Pharmaceuticals and JMI Hospital Requisite Manufacturing were among those suffering losses the most.

Meanwhile, Chittagong Stock Exchange also dropped for a second straight day yesterday.

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.