Stocks fall after two-day rally

Indices of the Dhaka Stock Exchange (DSE) fell today, ending a two-day gaining streak.

The DSEX, the benchmark index of the DSE, dropped 46.97 points, or 0.95 percent, to settle at 4,874.58.

The DSES index, which represents Shariah-compliant stocks, lost 1.12 percent to close at 1,063.79. The DS30, comprising blue-chip stocks, declined 0.92 percent to 1,798.74.

Yesterday, the market had closed higher following directives from Chief Adviser Prof Muhammad Yunus on Sunday regarding the development of the capital market. 

One of the measures included offloading government stakes in state-run and multinational companies to increase the supply of quality shares.

Today, turnover, a key indicator of market activity, fell 6 percent to Tk 343.93 crore compared to the previous session.

Of the 395 issues traded, 54 advanced, 309 declined, and 35 remained unchanged.

First Bangladesh Fixed Income Fund was the day's top gainer, surging 8 percent, while MIDAS Financing dropped 16 percent to become the worst performer.