Stocks fall for seventh consecutive day

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Stock investors lose Tk 102.61b at DSE in one week
Stock investors lose Tk 102.61b at DSE in one week

Stocks fall for seventh consecutive day

The benchmark index of the Dhaka bourse massively fluctuated today, as it soared 89 points at the beginning of trading, but ended the day with a 76-point fall.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), slid 1.08 per cent to 7,020 points.

During the fall in the last seven consecutive days, the index lost 347 points or 4.71 per cent.

Turnover at the DSE, however, rose around 21 per cent to Tk 1,682 crore, up from Tk 1,393 crore a day earlier.

At the DSE, 87 stocks advanced, 254 fell and 35 remained unchanged.

Delta Life Insurance topped the gainers’ list that rose 9.33 per cent followed by Sonargaon Textiles, Fas Finance, Fareast Life Insurance, and Padma Life Insurance.

BD Lamps shed mostly that lost 11 per cent followed by NRB Commercial Bank, Heidelberg Cement, RD Food, and Beach Hatchery.

NRB Commercial Bank became the most traded stock with shares worth Tk 104 crore changing hands, followed by Delta Life Insurance, IFIC Bank, Orion Pharmaceuticals, and Fortune Shoes.

The Chittagong Stock Exchange (CSE) also dropped today. The CASPI, the general index of the port city bourse, edged down 186 points, or 0.90 per cent, to 20,521.

Among the traded 298 stocks, 79 rose, 199 fell and 20 remained unchanged.

Edible oil price to rise to Tk 160 a litre from tomorrow

Stocks fall for seventh consecutive day  The benchmark index of the Dhaka bourse massively fluctuated today, as it soared 89 points at the beginning of trading, but ended the day with a 76-point fall.  The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), slid 1.08 per cent to 7,020 points.   During the fall in the last seven consecutive days, the index lost 347 points or 4.71 per cent.  Turnover at the DSE, however, rose around 21 per cent to Tk 1,682 crore, up from Tk 1,393 crore a day earlier.  At the DSE, 87 stocks advanced, 254 fell and 35 remained unchanged.  Delta Life Insurance topped the gainers' list that rose 9.33 per cent followed by Sonargaon Textiles, Fas Finance, Fareast Life Insurance, and Padma Life Insurance.  BD Lamps shed mostly that lost 11 per cent followed by NRB Commercial Bank, Heidelberg Cement, RD Food, and Beach Hatchery.  NRB Commercial Bank became the most traded stock with shares worth Tk 104 crore changing hands, followed by Delta Life Insurance, IFIC Bank, Orion Pharmaceuticals, and Fortune Shoes.  The Chittagong Stock Exchange (CSE) also dropped today. The CASPI, the general index of the port city bourse, edged down 186 points, or 0.90 per cent, to 20,521.  Among the traded 298 stocks, 79 rose, 199 fell and 20 remained unchanged.  Edible oil price to rise to Tk 160 a litre from tomorrow   The commerce ministry today gave go-ahead to the refiners' proposal of hiking prices of edible oil by Tk 7 per litre with effect from tomorrow.  The price of each one-litre bottle of soybean oil will be Tk 160, up from the current rate of Tk 153, said AHM Shafiquzzaman, additional secretary to the commerce ministry.   The price of edible oil has been increased mainly because of the price hike of crude soybean and palm oil in the international markets.  Shafiquzzaman said the refiners proposed for fixing the price at Tk 168 per litre, but it was fixed at Tk 160 after a lot of discussion.  The retail price of loose soybean oil is fixed at Tk 136 per litre, according to a statement from the Bangladesh Vegetable Oil Refiners and Bonospoti Manufacturers Association.

The commerce ministry today gave go-ahead to the refiners’ proposal of hiking prices of edible oil by Tk 7 per litre with effect from tomorrow.

The price of each one-litre bottle of soybean oil will be Tk 160, up from the current rate of Tk 153, said AHM Shafiquzzaman, additional secretary to the commerce ministry.

The price of edible oil has been increased mainly because of the price hike of crude soybean and palm oil in the international markets.

Shafiquzzaman said the refiners proposed for fixing the price at Tk 168 per litre, but it was fixed at Tk 160 after a lot of discussion.

The retail price of loose soybean oil is fixed at Tk 136 per litre, according to a statement from the Bangladesh Vegetable Oil Refiners and Bonospoti Manufacturers Association.

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