Price fall in large-caps drives stocks down

Stock markets closed on Sunday of the week with downward trend due mainly to price fall in large-cap securities despite higher transactions, reports BSS.

The falling major sectors were engineering, textile and insurance. A total of 162 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 24.46 points down at 5,549.78. The Shariah DSES and the blue-chip DS30 also followed the same trend with 2.58 points down at 1,276.09 and with 11.14 points down at 1,947.39.

The daily trade increased to 20.94 crore shares from Thursday’s 20.01 crore shares and the day’s trade value at DSE increased to Taka 900.94 crore from Taka 817.24 crore of the previous session.

At DSE, out of the day’s 334 securities, prices of 91 securities closed higher against 197 losing issues. The major gaining issues were Aziz Pipes, DSSL, Saiham Tex, NAHEEACP and Popular Life. The major losing companies were UPGDCL, Jute Spinners, DSCCL, Zeal Bangla and Aman Feed.

Active Fine topped the turnover list followed by KPCL, Saiham Tex, DSSL and UPGDCL.

The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 85.25 points down at 17,117.64.

At CSE, 236 issues were traded. Of those, 68 closed higher and 146 closed lower when 1.72 crore shares worth Taka 61.99 crore changed hands.