Stocks fall after rising for six days

Dhaka stocks fell today after rising for six consecutive days thanks to the profit-taking tendency of the investors.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), dropped 18 points, or 0.28 per cent, to 6,489 today.

Turnover, however, rose 22 per cent from the last trading day to hit Tk 2,296 crore, which was highest since last year's October 7 when the turnover was Tk 2,497 crore.

Of the securities, 95 advanced, 217 declined, and 63 did not show any price movement.

JMI Hospital Requisite Manufacturing surged 10 per cent, Eastern Housing rose 9.97 per cent, and Sonargaon Textiles advanced 9.96 per cent.

Other major gainers included Metro Spinning Mills, Ratanpur Steel Re-Rolling Mills.

Beach Hatchery declined the most with a 4.78 per cent fall.

Nahee Aluminum Composite Panel, Nurani Dyeing, National Tea, Aman Feed were among the major losers.

Beximco Ltd was the most-traded stock on the day, with its scrips worth Tk 118 crore changing hands.

Delta Life Insurance, Lafarge-Holcim Bangladesh, Orion Pharmaceuticals, and National Polymer also witnessed significant turnover.

The CASPI, the all-share price index of the bourse in the port city of Chattogram, dropped 74 points, or 0.38 per cent, to close at 19,081.

Losers outnumbered gainers when 93 stocks advanced, 166 retreated and 42 remained unchanged.