Economic Reporter :
Stocks extended the losing streak for the two consecutive sessions on Thursday as risk-averse investors continued to book profit on quick-gaining stocks, particularly on Grameenphone.
DSEX, the key index of the Dhaka Stock Exchange (DSE), went down by 15.02 points or 0.29 per cent to settle at 5,108.
Two other indices also edged lower. The DS30 index, comprising blue chips, shed 7.42 points to finish at 1,798 and the DSE Shariah Index lost 5.43 points to close at 1,180.
Market analysts said many investors opted for booking profit on sector-wise multinational companies stocks as many companies stocks have seen a rise by 10-15 per cent in the past few days.
Among the multinational stocks, the heavyweight GP took a big hit as its share price plunged 3.02 per cent, contributing 25 points fall of DSE core index alone, according to data of amarstock.com, a stock market data analyst.
GP shares tumbled following the news that the police filed a case against the telecom operator under the telecommunication act on charges of providing personal and confidential information of its customers to others who use these for blackmailing them, said a leading broker.
The case was filed with Hatirjeel police station on Tuesday where a customer service employee and a woman were accused among others.
Stocks extended the losing streak for the two consecutive sessions on Thursday as risk-averse investors continued to book profit on quick-gaining stocks, particularly on Grameenphone.
DSEX, the key index of the Dhaka Stock Exchange (DSE), went down by 15.02 points or 0.29 per cent to settle at 5,108.
Two other indices also edged lower. The DS30 index, comprising blue chips, shed 7.42 points to finish at 1,798 and the DSE Shariah Index lost 5.43 points to close at 1,180.
Market analysts said many investors opted for booking profit on sector-wise multinational companies stocks as many companies stocks have seen a rise by 10-15 per cent in the past few days.
Among the multinational stocks, the heavyweight GP took a big hit as its share price plunged 3.02 per cent, contributing 25 points fall of DSE core index alone, according to data of amarstock.com, a stock market data analyst.
GP shares tumbled following the news that the police filed a case against the telecom operator under the telecommunication act on charges of providing personal and confidential information of its customers to others who use these for blackmailing them, said a leading broker.
The case was filed with Hatirjeel police station on Tuesday where a customer service employee and a woman were accused among others.
