Bangladesh’s stocks fall amid profit taking

Last updated: August 26, 2013

Dhaka, Bangladesh (BBN): Bangladesh’s stocks fell on Monday after two sessions gaining streak as investors’ booked modest profit.

The benchmark index of the Dhaka Stock Exchange, DSEX ended at 4,134.12 points, shedding 29.06 points or 0.69 per cent, chipping away from roughly 94.46 points gained in the previous two sessions.

The total turnover value on DSE came down to BDT 6.02 billion, which was 26.6 per cent lower from previous day’s 22-session high value.

The losers took a modest lead over the gainers as out of 278 issues traded, 149 declined, 104 advanced and 25 remained unchanged in the prime bourse.

Grameenphone (GP) became the most traded stock of the session with BDT 342.6 million turnover followed by another stock from the Telecom sector - BSCCL which accumulated turnover worth BDT 279.2 million.

Pragati Life Insurance was the day’s highest gainer positing a rise of 9.93 per cent while ICB First NRB Mutual Fund was the day’s worst loser, slumping by 9.92 per cent.

The Chittagong Stock Exchange (CSE) also ended lower with the CSE Selective Category Index lost 149.67 points to close at 7,981.03 points.

Losers beat gainers 107 to 81, with 25 issues remaining unchanged on the port city bourse that traded 9.26 million shares and mutual fund units with turnover value worth BDT 420.34 million.
 
BBN/BB/AD/26Aug-13-5.30pm (BST).

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