Dhaka, Bangladesh (BBN) – Dhaka stocks fell on profit taking amid modest fluctuation on Tuesday, snapping the fourth straight session of gains.
The DSE General Index (DGEN), the main gauge of the market, move between positive and negative initially. At the end of the day it was down by 80 points or 1.23 per cent to 6455.81.
The market lost across the board as majority of share prices closed in the negative. Banking issues, the market’s bellwether, was the highest loser slipping 1.81 per cent, followed by non-banking financial institutions 1.32 per cent and energy 1.43 per cent.
Strong buying and selling has pushed the turnover to close higher as it stood at Tk 11.5 billion, up by 8.3 per cent over the previous session.
Aftab Automobiles, a leading engineering company, topped the turnover chart with shares worth Tk 484.4 million changing hands.
After four days of rise, a bout of profit taking has sent the market to the red, said a stockbroker. The market was a little bit jittery over the probe report on stock crash, he added.
BBN/KMS/SI/AD-05April11-5:00 pm (BST)