Price fall in large-cap drives stocks down

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Economic Reporter :
Stock markets opened the week on Sunday with
downward trend due mainly to price fall in large-cap securities. The falling major sectors were textile and pharmaceutical and chemicals. A total of 152 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 26.58 points down at 5,306.23. The Shariah DSES and the blue-chip DS30 also followed the same trend with 2.15 points down at 1,222.05 and with 6.81 points down at 1,855.68 respectively.
The daily trade fell to 12.70 crore shares from Thursday’s 15.06 crore shares. But, the day’s trade value at the DSE increased to Taka 516.79 crore from Taka 514.05 crore of the previous session.
At the DSE, prices of 112 securities out of the day’s 341 closed higher against 195 losing issues.
The major gaining issues were Fareast Life, DSHGARME, JMISMDL, Somali Ansh and NTC. The major losing companies were RN Spinning, ALIF, CNA Textile, Fars Chemicals and Family Textile.
UPGDCL topped the turnover list followed by Advent, PTL, Wata Chemicals and PHARMAID.
The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 68.89 points down at 16,257.26. At the CSE, 249 issues were traded. Of those, 68 closed higher and 168 closed lower when 78.70 lakh shares worth Taka 20.19 crore changed hands.
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