The New Nation - Internet Edition

Staff Reporter

The Dhaka Stock Exchange (DSE) witnessed bearish trend yesterday, continuing index downfall for the third straight day.

Technical corrections, weekend profit taking phenomena as well as post-dividend price adjustment of Prime Bank shares was held responsible for this bearish trading move.

But experts have termed it normal in stock business and have forecast healthier trading at the beginning of coming week.

The price of Prime Bank shares fell Tk212.50 each to close at Tk640 per share due to adjustment of cash dividend at 10 per cent and stock dividend at 25 per cent for the year 2007.

The DSE General Index (DGEN) dropped 39 points or 1.29 per cent to close at 2,969 points on the last day of the week, while the All Share Price Index (DSI) fell 32 points or 1.25 per cent to close at 2,508 points.

The total turnover declined to Tk279 crore as against Tk293 crore on Wednesday. Of the total 254 issues traded on the day, 139 gained, 105 incurred losses while 10 remained unchanged.