Dhaka stocks fall on profit taking
Wednesday, 16 September 2009
FE Report
Dhaka stocks fell marginally on profit taking Tuesday putting an end to a three-day rally with the turnover declining.
The market was in the positive territory before slipping into the red in the final hour of trading at the Dhaka Stock Exchange (DSE) as the investors booked profit, mainly from energy stocks, which gained significantly over the last couple of weeks.
The benchmark DSE General Index (DGEN) lost 3.76 points or 0.12 per cent to close at 2991.62, after touching the 3,000-mark in the morning.
The broader All Shares Price Index (DSI) slipped 2.29 points or 0.09 per cent to end at 2515.96. The DSE-20 blue chip index, however, was up by 2.23 points or 0.10 per cent to close at 2147.71.
Almost all the banks except a few gained with the state-owned Rupali Bank posting the highest 1.67 per cent gain. All non-banking financial institutions (NBFIs) fell except ICB, which helped the sector index end positive.
The pharma sector ended mixed while insurance companies continued to decline. On the other hand, mutual funds continued to gain significantly.
In the energy sector, all the companies except two lost after the previous day's sharpest gain.
Dhaka stocks fell marginally on profit taking Tuesday putting an end to a three-day rally with the turnover declining.
The market was in the positive territory before slipping into the red in the final hour of trading at the Dhaka Stock Exchange (DSE) as the investors booked profit, mainly from energy stocks, which gained significantly over the last couple of weeks.
The benchmark DSE General Index (DGEN) lost 3.76 points or 0.12 per cent to close at 2991.62, after touching the 3,000-mark in the morning.
The broader All Shares Price Index (DSI) slipped 2.29 points or 0.09 per cent to end at 2515.96. The DSE-20 blue chip index, however, was up by 2.23 points or 0.10 per cent to close at 2147.71.
Almost all the banks except a few gained with the state-owned Rupali Bank posting the highest 1.67 per cent gain. All non-banking financial institutions (NBFIs) fell except ICB, which helped the sector index end positive.
The pharma sector ended mixed while insurance companies continued to decline. On the other hand, mutual funds continued to gain significantly.
In the energy sector, all the companies except two lost after the previous day's sharpest gain.