Price fall in large-cap drives stocks down

Price fall in large-cap drives stocks down
Published : 25 Nov 2018, 20:33:41
Price fall in large-cap drives stocks down
bbarta desk
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Stocks closed on Sunday of the week with downward trend due mainly to price fall in large-cap securities.
The falling major sectors were pharmaceuticals and chemicals, cement, textile, tannery industry and fuel and power.
A total of 144 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 29.71 points down at 5,276.24. The Shariah DSES and the blue-chip DS30 also followed the same trend with 6.50 points down at 1,221.06 and with 13.52 points down at 1,855.45.
The daily trade fell to 12.47 crore shares from Thursday’s 12.89 crore shares. But the day’s trade value at DSE increased to Taka 569.46 crore from Taka 552.65 crore of the previous session.
At DSE, out of the day’s 325 securities, prices of 110 securities closed higher against 184 losing issues. The major gaining issues were ITC, Saiham Cotton, Sonali Ansh, SPCL and Ambee Pharma. The major losing companies were Kohinoor Chemicals, Confidence Cement, MLDYEING, Fortune and KPCL.
BATBC topped the turnover list followed by RECKITTBEN, Monno Stafflers, Eastern Lubricant and Berger PBL.
The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 98.84 points down at 16,185.86.
At CSE, 226 issues were traded. Of those, 58 closed higher and 142 closed lower when 86.05 lakh shares worth Taka 25.78 crore changed hands.-BSS

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