Stock prices fall on profit-taking

FE Team | Published: June 28, 2007 00:00:00 | Updated: February 01, 2018 00:00:00

FE Report
The stock prices on the Dhaka Stock Exchange (DSE) declined on profit-taking Wednesday with the fall of power and banking sectors issues amid a downward trend in turnover.
The total turnover dropped to Tk 1.581 billion Wednesday. Earlier, the total turnover on the DSE on Tuesday whopped to Tk 2.344 billion, the highest ever amid a continued rally of share prices.
But, on Wednesday's trading session on the DSE turnover, indices and market capitalisation declined mainly due to profit-taking.
All Shares Price Index or DSI, DSE-20 Index or DS20 and DSE General Index or DGEN declined by 17.065 points, 18.779 points and 17.478 points to close at 1753.299, 1872.790 and 2131.791 respectively Wednesday.
The total market capitalisation declined to Tk 473.414 billion Wednesday from Tk 477.241 billion on the previous day.
Out of 199 traded issues prices of 66 gained 103 declined and 30 remained unchanged on the day.
Power Grid was the turnover leader with trading issues worth Tk 105.938 million followed by Southeast Bank at Tk 91.195 million, BRAC Bank at Tk 89.819 million, Shahjalal Bank at Tk 89.383 million, Pubali Bank at Tk 74.942 million, Desco at Tk 71.558 million, Summit Power at Tk 70.174 million, Grameen One at Tk 60.323 million, Premier Bank at Tk 49.774 million and Exim Bank at Tk 48.779 million.