Stocks fall for profit booking

The stock market index dropped today just after touching a record high a day earlier. 

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), fell 16 points, or 0.23 per cent, to 7,241.

Yesterday, the index touched its highest level of 7,258 points.

Due to the profit booking tendency among investors, the index suffered today, according to market analyst.

However, turnover of the Dhaka bourse increased 12 per cent to Tk 2,150 crore, up from Tk 1,910 crore a day earlier.

CAPM IBBL Mutual Fund topped the gainers' list that rose 9.7 per cent followed by Active Fine Chemicals, Pacific Denims, Tosrifa Industries, and Delta Life Insurance.

Desh Garments shed mostly in the market that fell 6.30 per cent followed by Eastern Insurance, Bangladesh Monospool Paper Manufacturing, The IBN SINA Pharmaceutical Industry, and Rupali Insurance.

At the DSE, 125 stocks rose, 209 declined and 42 remained unchanged.

Stocks of Orion Pharmaceuticals traded mostly that worth Tk 133 crore followed by Beximco Ltd, Maksons Spinning, Beximco Pharmaceuticals and Delta Life Insurance.

The Chattogram Stock Exchange (CSE) also rose today. The CASPI, the general index of the port city bourse, edged up 82 points, or 0.39 per cent, to 21,157.

Among 320 traded stocks, 115 advanced, 171 fell and 34 remained unchanged.