DSE indices fall for fourth day

Dhaka Stock Exchange (DSE) price indices fell yesterday for the fourth consecutive day due mainly to a fall in the share prices of United Commercial Bank shares (UCB).
On the DSE yesterday, prices of UCB shares came down by 50.66 percent to Tk 3242.25 at the closing of the trade. A total of 54,275 shares of the bank worth Tk 16.53 crore were traded.
The market insiders said DSE share price indices were adjusted due to the fall in the UCB share prices.
The DSE General Index declined by 40.38 points, or 1.44 percent, to 2761.04 points, while the DSE All Share Price Index fell by 57.04 points, or 2.35 percent, to 2369.03 points.
Apart from the UCB share price slide, the insiders said, the investors' shakiness to invest in the stock market is another major reason behind the falling share prices.
Yesterday the market started with a steep fall in the price indices. The market fell for the first one and half hours and then remained unchanged for next half an hour. However, in the last two hours of trading the market fell again at a steady rate.
Most of the share prices dropped yesterday. Of the total 227 issues traded on the premier bourse, 52 gained, 165 suffered losses and 10 remained unchanged.
The market turnover also came down to Tk 269.61 crore. A total of 1,78,17,440 shares were traded on the prime bourse yesterday.
The Chittagong Stock Exchange (CSE), however, closed mixed yesterday with the losers dominating the gainers.
The CSE Selective Categories Index rose by 60.76 points, or 1.08 percent, closing the day at 5517.57 points, while the CSE All Share Price Index declined by 9.8 points, or 0.11 percent, finishing at 8593.53 points.
A total of 4007035 shares worth Tk 39.35 crore changed hands on the port city bourse. Of the issues traded, 24 gained, 112 declined and four remained unchanged.