Price fall in large-cap drives stocks down

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Business Desk :
Stocks closed on Tuesday of the week with downward trend due mainly to price fall in large-cap securities.
The falling major sectors were textile, fuel and power and insurance. A total of 183 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 53.48 points down at 5,318.75. The Shariah DSES and the blue-chip DS30 also followed the same trend with 7.62 points down at 1,232.99 and with 24 points down at 1,900.54.
The daily trade fell to 7.65 crore shares from Monday’s 8.05 crore shares and the day’s trade value at DSE decreased to Taka 365.92 crore from Taka 418 crore of the previous session.
At DSE, out of the day’s 347 securities, prices of 57 securities closed higher against 231 losing issues.
The major gaining issues were Agrani insurance, KAY@QUE, PF1STMF, Rupali Insurance and Trust Bank. The major losing companies were RN Spinning, UPGDCL, United Insurance, Savar EFR and MLDYEING.
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