BSS
  12 Feb 2024, 20:31

Price fall in large-cap drives stocks down

DHAKA, Feb 12, 2024 (BSS) - 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.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), went down by
22.13 points, or 0.34 per cent, to settle at 6,425.

The DSES index, which represents Shariah-based companies, also shed 4 points
to 1,394. However, the DS30 Index, which consists of blue-chip companies,
remained positive, gaining 6 points to 2,166.

The market turnover has been staying above Taka 15 billion for the last seven
consecutive days as investors are coming back to the market.

Turnover, a crucial indicator of the market, stood at Taka 16.93 billion,
which was 8.6 per cent down from Taka 18.52 billion the day before.

Most stocks saw price corrections, as out of 395 issues traded, 254 ended
lower, 114 higher, and 27 remained unchanged.

Orion Pharma became the most traded share, with shares worth Taka 617 million
changing hands, followed by Bangladesh Shipping Corporation, IFIC Bank,
Fortune Shoes, and Fu-Wang Ceramic.

The newly listed Best Holdings was the day's top gainer, posting a 10 per
cent rise, while Familytex (BD) was the worst loser, losing 6.38 per cent.

The Chittagong Stock Exchange (CSE) also ended lower, with its All Shares
Price Index (CASPI) losing 44 points to close at 18,561 and the Selective
Categories Index (CSCX) losing 26 points to close at 11,112.

Of the issues traded, 162 declined, 97 advanced, and 24 remained unchanged on
the CSE.

The port city bourse traded 14.92 million shares and mutual fund units with a
turnover value of Taka 403 million.