Price fall in large-caps drives stocks down


DHAKA, Feb 24, 2019 (BSS) – 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 pharmaceuticals and chemicals, food and allied and financial institutions.

A total of 181 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 31.56 points down at 5,714.27. The Shariah DSES and the blue-chip DS30 also followed the same trend with 0.34 points down at 1,312.58 and with 5.40 points down at 1,996.78.

The daily trade fell to 11.99 crore shares from Thursday’s 12.05 crore shares and the day’s trade value at DSE decreased to Taka 580.70 crore from Taka 684.49 crore of the previous session.

At DSE, out of the day’s 343 securities, prices of 77 securities closed higher against 225 losing issues.

The major gaining issues were Karnaphuli, Hakkani Pulp, MERCINS, Safko Spinning and City General Insurance. The major losing companies were Savar EFR, Imam Button, MEGCONMILK, Emerald Oil and united Finance.

BSCCL topped the turnover list followed by KPCL, Monno Ceramics, Fortune and UPGDCL.

The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 74.08 points down at 17,511.07.

At CSE, 256 issues were traded. Of those, 62 closed higher and 169 closed lower when 51.04 lakh shares worth Taka 15.68 crore changed hands.