Stocks break gaining streak

Stocks in Dhaka dropped today after rising for four consecutive days because of the profit-taking tendency of the investors.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), fell 12 points, or 0.17 per cent, to 7,051 at the end of the day.

At the DSE, 133 stocks advanced, 192 declined and 55 remained unchanged.

Turnover of the DSE rose 6.89 per cent to Tk 1,427 crore.

Bangladesh Shipping Corporation was ranked as the top traded stocks worth Tk 123 crore followed by Fortune Shoes, Beximco Ltd, Saif Powertec, and Islami Bank.

Yeakin Polymer topped the gainers' list that rose 9.95 per cent followed by Union Insurance, BD Thai Food, Takaful Insurance, and Summit Alliance Port.

Bangladesh Building Systems shed mostly that fell 6.18 per cent followed by BD Wielding, Queen South Textiles, Sonargaon Textile.

The Chittagong Stock Exchange (CSE) also fell today. The CASPI, the main index of the bourse, dropped 46 points, or 0.22 per cent, to 20,675.

Among the traded 308 stocks, 122 rose, 148 fell and 38 remained the same.