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The stock market index fell yesterday after continuously rising for four trading days last week.
The DSEX, the benchmark index of Dhaka Stock Exchange (DSE), fell 6 points, or 0.86 per cent, to 7,085.
The market was saved from a big fall because of a high demand for bank stocks, said a broker.
At the DSE, 114 stocks advanced, 230 declined and 15 remained unchanged.
While most stocks fell, almost all banking stocks rose. And these stocks helped to save the index from a big fall, he said. Among 32 listed banks, 28 rose, three fell and one remained unchanged.
Turnover at the DSE increased 2 per cent to Tk 1,785 crore compared to that the previous day.
Acme Pesticides topped the gainers’ list, rising 10 per cent, followed by Sena Kalyan Insurance Company, First Security Islami Bank, Standard Bank and ONE Bank.
Stocks of Beximco were traded the most, worth Tk 127 crore, followed by IFIC Bank, ONE Bank, First Security Islami Bank and NRB Commercial Bank.
Kattali Textile shed the most, dropping 9.73 per cent, followed by Matin Spinning Mills, Jute Spinners, Saiham Cotton Mills and Navana CNG.
As the stock market index was undergoing a rising trend over the last couple of days, some investors booked profits, said a merchant banker.
On the other hand, some people rearranged their portfolios to avail some banking stocks.
The year ending period of the banking sector is December and after that the lenders will declare dividends. So, many investors bought the shares, he added.
Chittagong Stock Exchange also fell yesterday. The CASPI, the main index of the port city bourse, edged down 3 points, or 0.08 per cent, to 20,719.
At the CSE, 278 stocks underwent trade, with 95 rising, 175 falling and eight remaining unchanged.
(TDS)
