Dhaka, Wednesday, October 18, 2017

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Price fall in large-caps drives stocks down

DHAKA, Oct 11, 2017 (BSS) - Stock markets closed the session on Wednesday with downward trends due mainly to price fall in large-cap securities despite higher transactions.

The falling major sectors were textile, IT Sector, food and allied and ceramic. A total of 185 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 33.24 points down at 6,108.57. The Shariah DSES and the blue-chip DS30 also followed the same trend with 7.27 points down at 1,340.53 and with 1.44 points down at 2,208.45.

The day's trade value at DSE increased to Taka 1092.04 crore from Tuesday's Taka 765.10 crore and the daily trade rose to 31.88 crore shares from 24.01 crore shares of the previous session.

At DSE, out of the day's 332 securities, prices of 79 securities closed higher against 225 losing issues.

The major gaining issues were Style Craft, Monno Stafflers, LIBRAINFU, Sonali Ansh and Kohinoor Chemical. The major losing companies were Shepherd, Aamra Net, Fu Wang Food, Fine Foods and Standard Ceramics.

City Bank topped the turnover list followed by Lanka Bangla Finance, BRAC Bank, Uttara Bank and Aamra Net.

The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 78.70 points down at 19,016.68.

At CSE, 249 issues were traded. Of those, 53 closed higher and 177 closed lower when 1.66 crore shares worth Taka 48.34 crore changed hands.