Stocks break gaining streak

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Economic Reporter :
Stocks on Monday witnessed downward trend after showing three days positive trend as risk-averse investors went for short-term profit booking on sector-specific shares.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 1.53 percent or 74.44 points to settle at 4,785.
Two other indices also closed lower. The DS30 index, comprising blue chips, fell 21.84 points to finish at 1,618 and the DSE Shariah Index lost 13.31 points to close at 1,096.
Turnover, a crucial indicator of the market, stood at Taka 14.08 billion on the country’s premier bourse, climbing further by 4.22 percent over previous day’s mark of Taka 13.51 billion.
Losers outnumbered the gainers, as out of 356 issues traded, 228 closed lower and 118 ended higher while 10 issues remained unchanged on the DSE floor.
A total number of 247,832 trades were executed in the day’s trading session with a trading volume of 547.13 million shares and mutual fund units.
Orion Pharma topped the turnover chart with shares worth Taka 549 million changing hands, closely followed by BRAC Bank, Beximco Pharma, IFIC Bank and Beximco.
Exim Bank First Mutual Fund was the day’s best performer, posting a gain of 10 percent while Prime Finance was the worst loser, losing 8.86 percent.
The Chittagong Stock Exchange ended lower with its All Shares Price Index (CASPI)-losing 183 points to close at 13,672 and the Selective Categories Index – CSCX -shedding 124 points to finish at 8,236.
Of the issues traded, 96 gained, 174 declined and 20 remained unchanged on the CSE.
The port city bourse traded 20.41 million shares and mutual fund units with turnover value of Taka 317 million.
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