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Stocks fall for profit booking tendency of investors

The stock market experienced a fall today as investors went for booking profits and the major drops in prices were seen in the high-flying insurance stocks. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), dropped 30.58 points, or 0.50 per cent, to 6,036. The DSE's turnover, an important indicator of the market, fell 22 per cent to Tk 2,062 crore. Most of the

Stocks break 8-day gaining streak

Stocks break 8-day gaining streak Star Business Report Star Business Report Stocks dropped yesterday after rising for eight consecutive days thanks to a profit booking tendency among investors. The DSEX, the benchmark index of Dhaka Stock Exchange (DSE), fell 10 points, or 0.18 per cent, to stand at 5,829. As the market was on a rising trend the last couple of days, most stocks were up by at least 8 per cent to 15 per cent, so investors are taking in their profits now, said a stock broker. This is a positive thing because when investors make profit, they get the confidence to invest more, he said, adding that the market s turnover was rising, which meant that investors participation was still strong.

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