Price fall in large-cap drives stocks down

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DHAKA, Nov 18, 2020 (BSS) – Country’s both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – today closed the session downbeat due mainly to price fall in large-cap securities.

DSEX, the prime index of the DSE, also went down by 17.97 points or 0.36 percent to settle at 4,887.12. Two other indices also ended in the red. The DS30 index, comprising blue chips, fell 4.25 points to finish at 1,699.78 and the DSE Shariah Index saw a fractional loss of 0.39 point to close at 1126.55.

Losers took a strong lead over the gainers as out of 335 issues traded, 174 ended lower, 79 higher while 82 issues remained unchanged on the DSE trading floor.

Turnover, a crucial indicator of the market, stood at Taka 5.45 billion on the country’s premier bourse, plunging further by 31 per cent over the previous day’s mark of Taka 7.91 billion.

Beximco Pharma continued to dominate the turnover chart with 2.99 million shares worth Taka 430 million changing hands, followed by Square Pharma, Brac Bank, Quasem Industries, and Associated Oxygen.

Bangladesh Lamps was the day’s best performer, posting a gain of 9.21 per cent while Genex Infosys was the worst loser, losing 9.15 per cent.

The Chittagong Stock Exchange also ended lower with its All Shares Price Index (CASPI)—losing 60 points to close at 13,985 while the Selective Categories Index – CSCX shedding 37 points to close at 8,421.

Of the issues traded, 141 declined, 47 advanced and 50 remained unchanged on the CSE.

The port city bourse traded 7.44 million shares and mutual fund units with a turnover value of Taka 241 million.