Dhaka, Tuesday, July 25, 2017

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Price fall in large-cap drives stocks further down

DHAKA, May 15, 2017 (BSS) - Stock markets plunged further on Monday due to mainly price fall in large-cap securities. All the indices at Dhaka and Chittagong stock exchanges closed in red though at lower rate than the previous sessions.

The falling major sectors included insurances, banks and financial institutions. A total of 152 securities of the large-cap group moved down due to lower activities.

The border DSEX index of Dhaka Stock Exchange (DSE) closed the day with 32.01 points down at 5,428.06. The Shariah DSES and the blue-chip DS30 also followed the same trend with 8.63 points down at 1259.59 and with 15.62 points down at 2002.33.

The day's trade value at DSE declined to Taka 537.99 crore from Sunday's Taka 550.11 crore. But the daily trade increased to 16.74 crore shares from 15.77 crore shares of the previous session.

At DSE, out of the day's 326 securities, prices of 112 securities closed higher against 172 losing issues.

The major gaining issues were Purabi General Insurance, Sonali Ansh, Northern Jute, Ambee Pharma and Renwick Ja. The major losing companies were Central Insurance, Exim Bank, Fareast Finance, Republic Insurance and Far East Knitting. PTL topped the turnover list followed by SPCL, Lanka Bangla Finance, Doreen Power and RSRM Steel.

The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 85.51 points down at 16821.35.

At CSE, 238 issues were traded. Of those, 80 closed higher and 138 closed lower when 1.05 crore shares worth Taka 29.15 crore changed hands.