Price fall in large-cap drives stocks down

The country’s both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE), today plunged due to mainly price fall in large-cap securities.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 9.03 points or 0.14 percent to 6,263.40. Two other indices also ended sharply lower with the DSE 30 Index, comprising blue chips, plunged 4.10 points to finish at 2,190.25 and the DSE Shariah Index (DSES) lost 3.06 points to close at 1,368.94, reports Bangladesh Sangbad Sangstha.

Turnover, a crucial indicator of the market, remained low and amounted to Taka 6,364.95 million, which was Taka 7,985.64 million at the previous session of the week.

Out of 346 issues traded, 103 declined, 56 advanced and 187 remained unchanged on the DSE trading floor.

Bangladesh Shipping Corporation (BSC) topped the turnover chart, followed by SEAPEARL, Rupali Life, PAPERPROC and Sun Life Insurance.

TILIL was the day’s top gainer, posting 10 percent gain while GBB Power was the worst loser, losing 9.55 per cent.

The Chittagong Stock Exchange (CSE) also ended sharply lower with the Selective Categories Index - CSCX- shedding 15.51 points to close at 11,058.18.

Of the issues traded, 63 declined, 33 advanced and 82 issues remained unchanged on the CSE trading floor.

The port city’s bourse traded 57.17 lakh shares and mutual fund units with turnover value worth about Taka 11.77 crore.