Price fall in large-cap drives stocks further down

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

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 97.37 points or 1.70 percent to 5,639.13. Two other indices also ended sharply lower with the DSE 30 Index, comprising blue chips, plunged 30.11 points to finish at 2,064.93 and the DSE Shariah Index (DSES) lost 31.26 points to close at 1,261.94.

Turnover, a crucial indicator of the market, decreased to Taka 5,308.59 million, which was Taka 7,969.31 million at the previous session of the week.

Out of 396 issues traded, 299 declined, 72 advanced and 25 remained unchanged on the DSE trading floor.

SIBL topped the turnover chart, followed by ISLAMIBANK, GP, BRACBANK and GIB.

FIRSTSBANK was the day’s top gainer, posting 10 percent gain while LRBDL was the worst loser, losing 10 per cent.

The Chittagong Stock Exchange (CSE) also ended sharply lower with the CSE All Share Price Index – CASPI -losing 208.18 points to settle at 15,793.23 and the Selective Categories Index – CSCX shedding 99.29 points to close at 9,571.33.

Of the issues traded, 168 declined, 46 advanced and 14 issues remained unchanged on the CSE.

The port city’s bourse traded 50.61 lakh shares and mutual fund units with turnover value worth about Taka 13.33 crore. (BSS)