Stocks close week down

Stocks Thursday finished the week down with falling trends of all major price indices at Dhaka and Chittagong Stock Exchanges on volatility in large-cap securities despite higher transactions.

The broader DSEX of the DSE finished the week with 49.26 points down at 5,380.79. The blue-chip DS30 and Shariah DSES also followed the same trend with 14.83 points down at 1,910.08 and with 12.43 points down at 1,233.39 respectively, reports.

During the week, the daily average trade value increased by nearly 14.90 per cent to Taka 486.87 crore and the average trade volume rose by 21.90 per cent to 14.88 crore shares. Out of the 355 issues traded on DSE, 165 gained against 166 losing issues.

The top five gainers of the week were Prime Finance First Mutual Fund, Phoenix Finance 1st Mutual Fund, CAPM IBBL Islamic Mutual Fund, National Life Insurance Co Ltd and Dhaka Insurance Co Ltd.

The major losing issues of the week were Peoples Leasing and Fin Services, First Finance, Meghna Condensed Milk Industries Ltd, Emerald Oil Industries Limited and Kay and Que Limited.

The top five turnover leaders were Runner Automobile Limited, United Power Generation and Distribution Company, National Polymer Industries, Bangladesh Submarine Cable Company and National Life Insurance Company.

Chittagong Stock Exchange (CSE) also closed the week down, with its major CASPI index ending 173.21 points lower at 16,469.38.