Business Desk :
Stocks tumbled on Wednesday, snapping a five-day gaining streak as cautious investors opted for booking profit on quick-gaining issues.
The DSEX, the prime index of the Dhaka Stock Exchange, slid 96.85 points or 1.37 per cent to close at 6952, after gaining 345 points in the past five consecutive sessions.
Market analysts said the market ended sharply lower as the stock market coordination meeting with the central bank, securities regulator and NBR held at the finance ministry on Tuesday did not take any decision on banks’ investment in the capital market.
Two other indices also ended lower. The DSE 30 Index, comprising blue chips, plunged 39.25 points to finish at 2,621 and the DSE Shariah Index (DSES) shed 13 points to close at 1,467.
Turnover, a crucial indicator of the market, also fell to Tk 13.52 billion, which was 13 per cent lower than the previous day’s tally of Tk 13.31 billion.
