Price fall in large-cap drives stocks down

Stocks closed on Sunday of the week with downward trend due mainly to price fall in large-cap securities despite higher transactions.

The falling major sectors were engineering, food and allied and IT. A total of 152 securities of the large-cap group moved down due to lower activities.

The broader DSEX index of Dhaka Stock Exchange (DSE) closed the day with 13.59 points down at 5,491.91. The Shariah DSES and the blue-chip DS30 also followed the same trend with 6.01 points down at 1,275.45 and with 1.47 points down at 1,967.21.

The daily trade rose to 7.50 crore shares from Thursday’s 6.83 crore shares and the day’s trade value at DSE increased to Taka 361.54 crore from Taka 352.51 crore of the previous session.

At DSE, out of the day’s 346 securities, prices of 106 securities closed higher against 191 losing issues.

The major gaining issues were Agrani Insurance, Prime Insurance, Provati Insurance, United Insurance and Eastern Lubricant.

The major losing companies were Meghna Pet, EBLNRBMF, Quasem Industries, Aamra Tech and Aamra Net.

UPGDCL topped the turnover list followed by BATBC, Monno Ceramics, GP and BSCCL.

The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 78.12 points down at 16,803.16.

At CSE, 230 issues were traded. Of those, 60 closed higher and 137 closed lower when 40.25 lakh shares worth Taka 15.26 crore changed hands.