FE Report
Stock prices on the Dhaka Stock Exchange (DSE) declined marginally Tuesday due to profit taking by the investors.
Market operators said share prices of some companies corrected to some extent on the day in the over-heated market.
Market sources said recently investors have come into the market with considerable funds for quick return from the stock market.
"Most of the investors are inclined to buy shares of banking and insurance sectors as the paid-up capital will be increased in the near future as per government decision. As a result, the number of investors also increased in recent time which made the market over-heated with a shortage in supply of quality shares," said a chief executive officer (CEO) of a brokerage house.
On Tuesday DSE General Index (DGEN), All Shares Price Index (DSI) and DSE-20 Index (DS20) declined 27.906 points, 30.260 points and 15.276 points to close at 2873.786, 2426.345 and 2207.893 respectively.
The total turnover also declined to Tk 2.861 billion from its previous Tk 3.168 billion. The total market capitalisation declined to Tk 687.447 billion from its previous Tk 694.607 billion.
Out of 215 traded issues prices of 78 gained, 120 declined and 17 remained unchanged.
Stocks decline marginally due to profit-taking
FE Team | Published: October 24, 2007 00:00:00 | Updated: February 01, 2018 00:00:00
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