Stocks extend losing streak

Stocks on Monday extended its losing streak as the risk-averse investors preferred to book profit on quick-gaining shares.

DSEX, the key index of the Dhaka Stock Exchange (DSE), closed the day with 53.48 points down and settled at 5,330.24 points, reports BSS.

The DS30 index, comprising blue chips, fell 18.51 points to finish at 1,902.74 and the DSE Shariah Index (DSES) closed the day with 11.30 points down to close at 1,166.42.

Turnover, a crucial indicator of the market, decreased to Tk4,501.83 million on the premier bourse, which was Tk4,883.87 million in the previous session of the week.

Out of 392 issues traded, 333 closed lower, 27 remained higher and 32 others remained unchanged on the DSE trading floor.

AGNISYSL became the most-traded stock, followed by ORIONINFU, NRBBANK, SQURPHARMA and GEMINISEA.

TECHNODRUG was the day's top gainer, soaring 9.89 percent while EPGL was the worst loser, losing three percent.

The Chittagong Stock Exchange (CSE) also fell sharply with the CSE All Share Price Index (CASPI) losing 113.02 points to settle at 15,273.58 and its Selective Categories Index (CSCX) shedding 67.05 points to close at 9,201.66.

Of the issues traded, 167 declined, 27 advanced and 25 issues remained unchanged.

The port-city bourse traded 38.40 lakh shares and mutual fund units with a turnover value of Tk20.82 crore.