Stocks end low on profit booking

Profit-taking in banking, non-bank, and energy and power stocks kept the stockmarket slightly lower on the opening day of the week.
The fall in prices of banks, non-bank financial institutions (NBFIs), and energy and power companies, which were on a gaining streak in the previous few days, pulled the market down.
Although telecommunication -- the biggest sector and the prime market mover -- advanced, the 0.71 percent gain in the sector was not enough to offset the losses in other sectors. Grameenphone, the sole constituent in the sector, resumed trading yesterday following its record date.
The benchmark index of Dhaka Stock Exchange, DSE General Index, declined 13.11 points, or 0.23 percent, to 5,556.52. The broader DSE All Share Price Index also fell 7.44 points, or 0.16 percent, to 4,552.46.