Stocks continue losing streak

Stocks today extended its losing streak as the risk-averse investors preferred to book profit on quick-gaining shares.

DSEX, the key index of the Dhaka Stock Exchange (DSE), closed the day with 11.83 points down and settled at 5,323.22 points. The DS30 index, comprising blue chips, fell 3.01 points to finish at 1,939.21 and the DSE Shariah Index (DSES) closed the day with 1.64 point down to close at 1,187.74.

Turnover, a crucial indicator of the market, decreased to Taka 3,553.75 million on the premier bourse, which was Taka 3,665.54 million at the previous session of the week.

Out of 400 issues traded, 195 closed lower, 142 remained higher and 63 others remained unchanged on the DSE trading floor.

BRACBANK became the most-traded stock, followed by SQURPHARMA, ISLAMIBANK, GP and AGNISYSL.

KBPPWBIL was the day’s top gainer, soaring 9.97 per cent while TOSRIFA was the worst loser, losing 8.33 per cent.

The Chittagong Stock Exchange (CSE) also fell sharply with the CSE All Share Price Index (CASPI) losing 51.01 points to settle at 14,961.74 and its Selective Categories Index (CSCX) shedding 29.40 points to close at 9,086.12.

Of the issues traded, 95 declined, 70 advanced and 28 issues remained unchanged.

The port-city bourse traded 28.74 lakh shares and mutual fund units with a turnover value of Taka 11.33 crore. (BSS)