The benchmark index lost 23.16 points before closing the day at 5,224.36

The benchmark index also falls to a 3-year low

Shares on the Dhaka Stock Exchange (DSE) fell for the sixth consecutive day yesterday thanks mainly to the price erosion of several large-cap scrips.

Best Holdings, which operates five-star hotel Le Méridien Dhaka, registered a 32 percent year-on-year growth in profit in the July-March period of the current fiscal year of 2023-24, attributing it to an increase in occupancy.

The prime index of the DSE decreased 0.6% before closing the day at 5,690.78

The DSEX fell 1.74 points to 5,725.28

It hit Tk 1,095 crore, up by 34% from the previous day

Stocks in Bangladesh yesterday maintained their gaining streak to four days consecutively riding on investors’ increased interest in shares of food and allied, pharmaceutical, financial and telecommunication companies.

Beximco Pharmaceuticals’ profits in the January-March period of fiscal year (FY) 2023-24 grew by 51 percent from that in the same period of the previous fiscal year, owing to higher sales and efficient cost management.

IBN Sina Pharmaceutical Industry secured a 44 percent year-on-year rise in profit in the January-March period of fiscal year 2023-24, which it attributed to an aggressive marketing strategy and proactive support from the management.

It lost 1.45% to close at 5,778.76 points

There were also positive changes in the market capitalisation of food and allied, engineering, and telecommunication scrips, it said.

In its daily market update, Shanta Securities said the market movement was driven by negative changes in the market capitalisation of travel and leisure, paper and printing, and bank scrips.

Shares at Dhaka Stock Exchange (DSE) ended higher yesterday on suffering a major decline last week due to a buying spree by bargain hunters on selective shares which account for large amounts in market capitalisation.

The DSEX lost 66.73 points to close at 5,834

The Dhaka Stock Exchange (DSE) fell for the eighth consecutive day yesterday as both local and foreign investors went for sales amid lingering economic uncertainty and disappointing corporate earnings while institutional firms sat idle.

Shares at Dhaka Stock Exchange (DSE) continued to fall today.

The long-term imposition of the floor price has had a negative impact on the stock market, leading to the current bearish trend, according to Md Ashequr Rahman, managing director of Midway Securities.

The benchmark index of the Dhaka Stock Exchange (DSE) fell below the 6,000-point mark yesterday for the first time in 33 months. 

Stocks of British American Tobacco Bangladesh (BATB) dropped at Dhaka Stock Exchange (DSE) following the lifting of its floor price yesterday, just as it had occurred for that of Grameenphone on the day before.