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Stocks halt eight-day winning streak




Stocks fell today, breaking an eight-day winning streak as investors took profits.
DSEX, the benchmark of the Dhaka Stock Exchange, fell 56 points, or 0.78%, to close at 7,202.
Turnover, an important indicator of the market, however, reached Tk 2,708 crore, compared to Tk 2,696 crore a day earlier.
Initially, the DSEX added 77 points. However, it started to drop after an hour and the trend continued for the remainder of the session.
Uttara Bank topped the list of winners with a 9.82% increase, followed by Nitol Insurance, Alif Industries, National Housing Finance and Kohinoor Industries.
Mithun Knitting lost the most, with a 10% drop, followed by Shyampur Sugar, Beach Hatchery, Meghna Pet Industries and Alltex Industries.
Beximco Ltd became the most traded stock with shares valued at Tk 80 crore changing hands. Beximco Pharmaceuticals, Square Pharmaceuticals, LankaBangla Finance and British American Tobacco also recorded significant trades.
On the DSE, 83 stocks rose, 261 fell and 32 remained unchanged.
Shares on the Chattogram Stock Exchange also fell. The CASPI, the general index of the port city’s stock exchange, lost 146 points, or 0.69%, to end the day at 20,984.
Of the 330 stocks traded, 96 rose, 241 fell and 20 remained unchanged.




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