Stocks fall on profit booking

The Dhaka Stock Exchange (DSE) experienced a fall today because of the profit booking tendency of the general investors.

The benchmark index of the premier bourse, DSEX, dropped 1.02 per cent or 60 points to end the day's trading at 5,813.

On the day, turnover, an important indicator of the market, also fell 22 per cent to Tk 1,634 crore.

At the premier bourse, 71 companies' stocks rose, 233 fell and 55 remained the same.

Provati Insurance topped the gainers' list that rose 9.94 per cent followed by Aramit Cement, Asia Insurance, Index Agro Industries, and Genex Infoysys Ltd.

Beximco became the top traded stock with shares worth Tk 213 crore changing hands followed by LankaBangla Finance, Prime Bank, NRB Commercial Bank, and Saif Powertec.

Miracle Industries shed the most that dropped 8.03 per cent followed by Prime Bank, Prime Life Insurance, Meghna Condensed Milk, and Eastern Insurance.

The Chittagong Stock Exchange (CSE) also plunged today.

The CASPI, the general index of the port city bourse, downed 214 points, or 1.25 per cent, to 16,837.

Among 282 traded stocks, 42 advanced, 199 dropped and 41 remained unchanged.