Stocks fall for third consecutive day

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Economic Reporter :
The shares of 376 companies were traded on the day, of which 201 firms saw a fall in prices, 147 firms witnessed an increase and 28 companies remained unchanged
The benchmark index of the Dhaka Stock Exchange (DSE) fell for the third consecutive day on Tuesday.
The investors preferred remaining on the sideline like a previous couple of days as the DSEX fell by 43.68 points or 0.62% to settle at 6954.35 on Tuesday. The share and unit prices of the majority of companies decreased.
The shares of 376 companies were traded on the day, of which 201 firms saw a fall in prices, 147 firms witnessed an increase and 28 companies remained unchanged.
Among other DSE indices, the shariah-based DSES fell by 6.28 points or 0.42% and the blue-chip DSE-30 to 19.76 points or 0.75%. Over Tk1,293 crore was traded on DSE on the day. The trade volume was Tk1,275 crore on the previous day.
Prime Textiles topped the gainers’ list that rose 22% followed by Evince Textiles, Far Chemical, Ring Shine Textiles, and Delta Spinners.
Stocks of Beximco Ltd traded mostly that worth Tk124 crore followed by IFIC Bank, Alif Industries, Maksons Spinning, and Orion Pharmaceuticals.
Safko Spinning shed mostly with a 6.45% drop followed by Mithun Knitting, Maksons Spinning, Bangladesh National Insurance, and Orion Pharmaceuticals.
The Chattogram bourse also fell on Tuesday. The CASPI, the main index of the Chittagong Stock Exchange (CSE), dropped 134 points, or 0.65%, to 20,404.
Among 289 stocks traded, 116 rose, 150 fell and 23 remained unchanged.

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