Stocks fall on profit-booking

Stocks finished the week yesterday with the market indicators at both Dhaka and Chittagong stock exchanges lower on falling share prices due to profit-booking sale pressure, reports BSS. 
Dhaka Stock Exchange (DSE) began the week in red, but took sharp u-turn on Monday and maintained the upward trend on the next two consecutive sessions when the daily transaction marked significant rise, with the trade value and volume crossing Tk 700 crore and 24 crore shares respectively. 
DSE also saw price rise in many securities on their increasing demands following the announcement of the new monetary policy statement by the central bank, lowering interest rates for repo and reserve repo. 
During the period the trading became lively that drove the price indices and daily transaction significantly up. 
Market experienced sale pressure on the last two trading sessions of the week when some investors were offloading shares for booking profits.
The profit-making selling eventually brought the indices down when the daily transaction also decreased on cautious trading. 
The DSEX index of DSE finished the week down at 4657.94, which was also over 37 points down from the previous week's close at 4694.95. 
The broader index, however, neared 4700-points mark during the week before closing down on Thursday. 
The blue-chip DS30 also ended the week moderately lower at 1751.03 while the Shariah DSES index finished flat at 1117.38. 
Most of the issues traded suffered loss on the last day of the week, with 184 issues losing, 100 gaining and 42 remaining static. 
The advancing issues of the week were Shurwid Industries, Eastern Lubri-cant, Samorita, Emerald Oil and United Insurance. 
The losing issues were Savar Refectories, 5th ICB, People Insurance, Eastern Cables and Tallu Spinning. 
United Power, ICT, Alltex, Beximco Pharma and Emerald Oil were the day's most active issues. 
Chittagong Stock Exchange (CSE) also closed the week lower, with its major CSCX index finishing over 20 points down at 8654.39. Some 1.36 crore shares worth Tk 32.19 crore traded on the last trading day of the week while 66 securities gained, 146 suffered losses and 33 remained static.

Stocks fall on profit-booking

Stocks finished the week yesterday with the market indicators at both Dhaka and Chittagong stock exchanges lower on falling share prices due to profit-booking sale pressure, reports BSS. Dhaka Stock Exchange (DSE) began the week in red, but took sharp u-turn on Monday and maintained the upward trend on the next two consecutive sessions when the daily transaction marked significant rise, with the trade value and volume crossing Tk 700 crore and 24 crore shares respectively. DSE also saw price rise in many securities on their increasing demands following the announcement of the new monetary policy statement by the central bank, lowering interest rates for repo and reserve repo. During the period the trading became lively that drove the price indices and daily transaction significantly up. Market experienced sale pressure on the last two trading sessions of the week when some investors were offloading shares for booking profits. The profit-making selling eventually brought the indices down when the daily transaction also decreased on cautious trading. The DSEX index of DSE finished the week down at 4657.94, which was also over 37 points down from the previous weeks close at 4694.95. The broader index, however,neared 4700-points mark duringthe week before closing downon Thursday. The blue-chip DS30 also ended the week moderately lower at 1751.03 while the Shariah DSES index finished flat at 1117.38. Most of the issues traded suffered loss on the last day of the week, with 184 issues losing, 100 gaining and 42 remaining static. The advancing issuesof the week were Shurwid Industries, Eastern Lubri-cant, Samorita, Emerald Oil and United Insurance. The losing issues were Savar Refectories, 5th ICB, People Insurance, Eastern Cables and Tallu Spinning. United Power, ICT, Alltex, Beximco Pharma and Emerald Oil were the days most active issues. Chittagong Stock Exchange (CSE) also closed the week lower, with its major CSCX index finishing over 20 points down at 8654.39. Some 1.36 crore shares worth Tk 32.19 crore traded on the last trading day of the week while 66 securities gained, 146 suffered losses and 33 remained static.