Stocks snap eight-day winning streak
Stocks fell today, breaking an eight-day winning streak as investors booked profits.
DSEX, the benchmark index of the Dhaka Stock Exchange, gave up 56 points, or 0.78 per cent, to close at 7,202.
Turnover, an important indicator of the market, however, rose to Tk 2,708 crore, up from Tk 2,696 crore a day earlier.
Initially, the DSEX added 77 points. However, it began declining after an hour and the trend continued throughout the rest of the session.
Uttara Bank topped the gainers' list with a 9.82 per cent rise, followed by Nitol Insurance, Alif Industries, National Housing Finance, and Kohinoor Industries.
Mithun Knitting shed the most, falling 10 per cent, followed by Shyampur Sugar, Beach Hatchery, Meghna Pet Industries, and Alltex Industries.
Beximco Ltd became the most traded stock with shares worth Tk 80 crore changing hands. Beximco Pharmaceuticals, Square Pharmaceuticals, LankaBangla Finance, and British American Tobacco also witnessed significant trade.
On the DSE, 83 stocks advanced, 261 fell, and 32 remained unchanged.
The shares on the Chattogram Stock Exchange also fell. The CASPI, the general index of the bourse in the port city, lost 146 points, or 0.69 per cent, to end the day at 20,984.
Among 330 stocks traded, 96 increased, 241 fell and 20 remained unchanged.