Share News - Stocks fall for second day amid sell-offs

Stocks declined for the second day as investors sold off scrips yesterday to bag profits amid continued political strife.
DSEX, the benchmark general index of the Dhaka Stock Exchange, fell 61.71 points or 1.28 percent to close at 4,769.47. DSES, the shariah index of Dhaka bourse, fell 14.64 points or 1.28 percent to close at 1,132.48.
The market saw another bloodbath as investors refrained from making fresh investments amid political unrest, IDLC Investments said.
Turnover, the most important indicator of the market, advanced 5.9 percent to Tk 280 crore, compared to the previous day, the investment bank said.
All the major sectors closed in the red. Cement shares lost 2.56 percent in market capitalisation, followed by power 1.78 percent, non-bank financial institutions 1.47 percent, telecoms 0.86 percent, pharma 0.85 percent, food and allied 0.42 percent and banks 0.09 percent.
A total of 0.88 lakh trades were executed with 8.37 crore shares and mutual fund units changing hands on the Dhaka bourse. Losers beat the gainers 209 to 68, while 36 remained unchanged on the DSE floor.
Beximco was the most liquid stock of the day with 27.58 lakh shares worth Tk 9.52 crore being traded, followed by Ifad Autos, Aamra Technologies, MJL Bangladesh and Grameenphone.
Bangas became the highest gainer of the day with a 4.12 percent rise, while Summit Alliance Port was the worst loser, plunging by 6.88 percent.
Chittagong Stock Exchange also declined yesterday with its selective categories index, CSCX, losing 115.58 points to close at 8,851.46.
Of the 243 issues that traded, 174 declined, 44 advanced and 25 remained unchanged on the CSE where 85.82 lakh shares and mutual fund units changed hands with Tk 24 crore in
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