Stocks fall for third consecutive day

The stock market fell for the third consecutive day today as investors preferred remaining on the sideline.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), dropped 43 points to 6,954.

Turnover at the DSE increased 1 per cent to Tk 1,292 crore, which was Tk 1,275 crore in the previous day.

At the DSE, 147 stocks advanced, 201 declined and 28 remained unchanged.

Prime Textiles topped the gainers' list that rose 22 per cent followed by Evince Textiles, Far Chemical, Ring Shine Textiles, and Delta Spinners.

Stocks of Beximco Ltd traded mostly that worth Tk 124 crore followed by IFIC Bank, Alif Industries, Maksons Spinning, and Orion Pharmaceuticals.

Safko Spinning shed mostly with a 6.45 per cent drop followed by Mithun Knitting, Maksons Spinning, Bangladesh National Insurance, and Orion Pharmaceuticals.

The Chattogram bourse also fell today. The CASPI, the main index of the Chittagong Stock Exchange (CSE), dropped 134 points, or 0.65 per cent, to 20,404.

Among 289 stocks traded, 116 rose, 150 fell and 23 remained unchanged.