Price fall in large-caps drives stocks down

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Economic Reporter :
Stock markets opened the week on Sunday with downward trend due to mainly price fall in large-cap securities. The falling major sectors were insurance and fuel and power. A total of 156 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 43.37 points down at 5,323.29. The Shariah DSES and the blue-chip DS30 also followed the same trend with 8.17 points down at 1,229.87 and with 24.02 points down at 1,954.06.
The daily trade fell to 8.18 crore shares from Thursday’s 9.43 crore shares and the day’s trade value at DSE decreased to Taka 407.73 crore from Taka 454.41 crore of the previous session.
At DSE, out of the day’s 335 securities, prices of 107 securities closed higher against 189 losing issues. The major gaining issues were Queen South, Aziz Pipes, Ambee Pharma, Kohinoor and PHARMAID. The major losing companies were PURABIGEN, BD Welding, ICBEPMF1S1, Aman Feed and Northern Insurance.
UPGDCL topped the turnover list followed by Monno Ceramics, Berger PBL, PHARMID and Beximco. The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 132.02 points down at 16417.76.
At CSE, 221 issues were traded. Of those, 65 closed higher and 137 closed lower when 58.92 lakh shares worth Taka 35.71 crore changed hands.
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