Stocks tumble after two days

The domestic stock market has tumbled again following a mere two-day gaining streak, which was preceded by nine days of constant decline.

The DSEX, the benchmark index of the country's premier bourse, plummeted 74 points, or 1.21 per cent, to close yesterday's trading session at 6,038.

The index had dropped a total of 314 points in the nine days prior to the two days of recovery.

Turnover, another key indicator of the market, dropped 7 per cent to Tk 778 crore, down from Tk 838 crore on the previous day.

The stocks slipped into the red after a two-day break as investors mostly followed a cautious stance amid a lack of clear direction regarding the capital market exposure issues of banks, International Leasing Securities said in its daily market review.