Stocks keep falling

The key index of the Dhaka Stock Exchange (DSE) fell for the third consecutive session yesterday.

The DSEX, the benchmark index of the premier bourse in Bangladesh, lost 11 points, or 0.18 per cent, to close the day at 6,267.

The DS30, the blue-chip index, dropped 0.28 per cent to 2,219 while the DSES, the shariah-compliant index, shed 0.31 per cent to 1,366.

The key index of the DSE remained in red for the third consecutive session as shaky investors continued their sell-offs amid macroeconomic discomforts, said International Leasing Securities.

However, turnover rose about 12.5 per cent to Tk 573 crore. Of the securities, 31 advanced, 135 declined and 161 did not show any price movement.

Sonali Aansh Industries topped the gainers' list with an increase of 6.6 per cent. Eastern Lubricants Blenders, Popular Life Insurance, Olympic Industries, and Orion Pharma were also on the list.

Sea Pearl Beach Resort & Spa topped the list of losers shedding more than 5.9 per cent.

Bashundhara Paper Mills, JMI Hospital Requisite Manufacturing, Metro Spinning, and Summit Alliance Port suffered substantial losses as well.

Genex Infosys was the most-traded stock on the day with its shares worth Tk 57 crore transacted. Sea Pearl Beach Resort, Bashundhara Paper Mills, Eastern Housing, and Olympic Industries also saw significant turnover.

The Caspi, the all-share price index of the Chittagong Stock Exchange, lost 19 points, or 0.1 per cent, to 18,513.

Of the issues, 27 rose, 65 retreated and 63 did not see any price swing. Turnover dropped 6 per cent to Tk 12.11 crore.