Price fall drives stocks down

Stocks today 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 41.70 points or 0.85 per cent to settle at 4,845.

Two other indices also closed lower. The DS30 index, comprising blue chips, lost 15.43 points to finish at 1,687 and the DSE Shariah Index fell 6.95 points to close at 1,123.

The daily trade turnover on the DSE also plunged to Taka 4.95 billion, plunging further by 15 per cent over the previous day’s turnover of Taka 5.85 billion, reports BSS.

Losers took a strong lead over the gainers as out of 344 issues traded, 196 closed lower, 70 higher and 78 issues remained unchanged on the DSE trading floor.

Beximco Pharma continued to dominate the turnover chart with 2.97 million shares worth Taka 432 million changing hands, followed by Beximco, ADN Telecom, Paramount Insurance and Brac Bank.

Provati Insurance was the day’s best performer, posting a gain of 7.28 per cent while Summit Port Alliance was the worst loser, losing 11.18 per cent following its price adjustment after record date.

The Chittagong Stock Exchange also ended lower with its All Shares Price Index (CASPI)—slumping 104 points to close at 13,863 while the Selective Categories Index – CSCX shedding 60 points to close at 8,350.

Of the issues traded, 149 declined, 47 advanced and 45 remained unchanged on the CSE.

The port city bourse traded 6.75 million shares and mutual fund units with turnover value of more than Taka 160 million.