Price fall in large-cap drives stocks down

Wed, November 21, 2018
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Price fall in large-cap drives stocks down
Published : 21 Oct 2018, 18:51:09
Price fall in large-cap drives stocks down
bbarta desk
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Stock markets closed on Sunday of the week with downward trend due mainly to price fall in large-cap securities.
 
The falling major sectors were textile, pharmaceuticals and chemicals, fuel and power and engineering. A total of 210 securities of the large-cap group moved down due to lower activities.
 
The broader DSEX index of Dhaka Stock Exchange (DSE) closed the day with 50.35 points down at 5,331.17. The Shariah DSES and the blue-chip DS30 also followed the same trend with 13.28 points down at 1,230.27 and with 11.75 points down at 1,230.27.
 
The daily trade fell to 12.43 crore shares from Thursday’s 12.63 crore shares and the day’s trade value at DSE decreased to Taka 439.59 crore from Taka 476.34 crore of the previous session.
 
At DSE, out of the day’s 339 securities, prices of 49 securities closed higher against 258 losing issues.
 
The major gaining issues were United Insurance, Advent, Prime Tex, Peninsula and Beximco. The major losing companies were Rahim Textile, IBP, Doreen Power, Ifad Autos and Imam Button.
 
KPCL topped the turnover list followed by Ifad Autos, Summit Power, VFSTDL and UPGDCL.
 
The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 127.23 points down at 16,410.49.
 
At CSE, 249 issues were traded. Of those, 53 closed higher and 168 closed lower when 68.96 crore shares worth Taka 18.82 crore changed hands.-BSS
 
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