Stocks fall for profit booking tendency

The stock market experienced a fall today just a day after hitting a three-and-a-half-year high, as investors went for booking profits.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), fell 19 points, or 0.32 per cent to 6,105.

Turnover, an important indicator of the market, also decreased by 1.27 per cent to Tk 2,043 crore.

At the DSE, 134 stocks rose, 204 declined and 31 remained unchanged.

Bangladesh Monospool Paper Manufacturing topped the gainers' list that rose 10 per cent followed by Tamijuddin Textile, Malek Spinning, Square Textile, and Prime Textile.

Pioneer Insurance became the most traded stock with shares worth Tk 147 crore changing hands followed by Beximco Ltd, Maksons Spinning, National Feed Mills, and Orion Pharmaceuticals.

Prime Islami Life Insurance shed the most that fell 17.1 per cent followed by Sea Pearl Beach Resort & Hotel Reliance Insurance, Green Delta Insurance, and Fareast Life Insurance.

The port city bourse soared today. The CASPI, the general index of the Chittagong Stock Exchange, rose 178 points to 17,762.

Among 309 traded stocks, 195 advanced, 96 dropped, and 18 remained unchanged.