Price fall in large caps drives stocks down

Stocks on Thursday witnessed downward trend due mainly to price fall in large-cap securities.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 82.56 points or 1.55 per cent to settle at 5,254.78, reports BSS.

Two other indices also closed lower. The DS30 index, comprising blue chips, lost 20.80 points to finish at 1,990.39 and the DSE Shariah Index fell 16.51 points to close at 1,197.66.

The daily trade turnover on the DSE also plunged to Taka 4,758.78 million which was Taka 5,825.23 million at the previous session of the week.

Losers took a strong lead over the gainers as out of 347 issues traded, 265 closed lower, 47 higher and 35 issues remained unchanged on the DSE trading floor.

Beximco dominated the turnover chart, followed by Robi, Asia Pacific Insurance, Provati Insurance and PURABIGEN.

Provati Insurance was the day’s best performer, posting a gain of 9.97 per cent while AFC Agro was the worst loser, losing 10 per cent following its price adjustment after record date.

The Chittagong Stock Exchange also ended lower with its All Shares Price Index (CASPI)—slumping 203.85 points to close at 15,231.05 while the Selective Categories Index – CSCX shedding 121.87 points to close at 9,190.42.

Of the issues traded, 156 declined, 41 advanced and 20 remained unchanged on the CSE.

The port city bourse traded 68.97 lakh shares and mutual fund units with turnover value of more than Taka 24.60 crore.