Dhaka stocks slumped in the midday trade Tuesday as investors continued selling off shares of the heavyweights in the banking and power sectors to gain from the previous three-day rally, reports bdnews24.com.
Mutual funds also added to the losses, which started after a brief rise in the morning session. BRAC Bank and Summit Power led the downbeat.
The main DGEN or general index lost 15.34 points or 0.59 per cent to reach 2576.38 at 11:43am. The DSI or all-share price index was down 12.54 points or 0.58 per cent to 2124.91.
The turnover stood at Tk 614.29 million from transaction of 6039, 077 shares.
BRAC Bank, the leader in turnover by 11:43am, fell for the second day and traded at Tk 1290.75 from Monday's close at Tk 1312.75.
Summit Power dipped to Tk 1420.0 from Tk 1458.
AB Bank, after a day of downturn, climbed to Tk 2398 from Tk 2386.25.
Social Investment Bank, an issue that recorded higher transaction frequently, surged to Tk 2960 from Tk 2849.
Grameen 1 Mutual Fund dropped for the second day and stood at Tk 56.3, down from Tk 57.4.
National Tubes, Beximco Pharmaceuticals and EXIM Bank also were traded higher. But AIMS 1st MF and Prime Bank declined on profit-taking.
Dhaka stocks slump
FE Team | Published: September 26, 2007 00:00:00 | Updated: February 01, 2018 00:00:00
Share if you like