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Thursday, March 23, 2006

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DSE indices continue to fall for third consecutive day
Md. Asiful Huq
3/23/2006
 

          Dhaka Stock Exchange (DSE) indices continued to fall for a third consecutive day Wednesday as profit-taking on recently gained stocks pushed the share prices down, brokers said.
DSE all share prices index (DSI) shed 8.023 points or 0.679 per cent to close at 1173.63 while DSE general index (DGEN) fell by 11.96 points or 0.77 per cent to close at 1528.24.
DSE-20 blue chip index fell by 6.54 points or 0.44 per cent to close at 1452.21 points at the end of the day.
A total of 202 issues were traded on the day, of which 82 gained, 95 declined and 25 remained unchanged.
Talking to the FE chief executive officer (CEO) of ICB Securities Trading Company Ltd, Nurul Alam said: "There is no reason of continuous price fall in the market."
Brokers said although dividend offer of Apex Footwear is below the expectation, investors are buying its shares to avail themselves of the dividend offer finding no other profitable investment option. The company declared 22 per cent cash dividend for the year 2005 recently.
Apex Footwear share rose by 1.24 per cent to close at Tk.427.25 amid buying pressure. It became the turnover leader on the day with the trading of 16,720 shares worth Tk. 7.07 million.
Bank Asia lost 0.2 per cent to close at Tk 476 although the investors bought the bank share heavily following its declaration of 10 per cent cash dividend and 20 per cent stock dividend for 2005. The company's shares worth Tk.5.61 million were traded. Its share lost nearly two per cent in Tuesday's trading.
Exim Bank and Summit Power lost in the trading due to profit-taking by the investors.

 

 
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