Stocks witness downward trend on both bourses

block
Economic Reporter :
Stocks witnessed a downward trend as all major indices on Dhaka and Chattogram stock exchanges were in red zone on Wednesday.
The broader DSEX index of Dhaka Stock Exchange (DSE) closed the day with 23.79 points down at 5,839.48. The Shariah DSES and the blue-chip DS30 also followed the same trend with72.91 points down at 1,322.71 and with 11.81 points down at 2017.27.
The daily trade fell to 25.62 crore shares from Tuesday’s 29.08 crore shares and the day’s trade value at DSE decreased to Tk 1000.52 crore from previous session’s Tk 1,139.32 crore.
At DSE, losers dominated the day’s trading as out of the day’s 345 securities, 123 gained against 185 losing issues. The five major gaining issues were – Eastern Insurance, Karnaphuli Insurance, Takaful Insurance, Agrani Insurance and United Insurance. Nitol Insurance, ML Dying Meghna Condensed Milk, Imam Button JMI Syringe were the five major losing companies.
block