Stocks suffer from extensive price fall

Stock market suffered extensive price fall on Monday as investors were selling shares for profit booking. The falling price pulled the price indices down at both Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE).

At DSE, only 93 securities finished higher when 183 issues across the board incurred loss. Similarly, 143 issues closed lower at CSE against only 74 advancing securities. Like previous trading sessions, majority of the issues from large-cap group suffered loss.

dse-logo_2Due to the wide range price fall, DSEX dropped below 4700-point mark and settled at 4692.94 when the DS30 and DSES slid to 1754.62 and 1116.07 accordingly, reports BSS.

Despite profit-booking sell pressure, the market saw lower transaction when the trade value fell to Taka 456.71 crore from Sunday’s Taka 483.83 crore and the volume declined to 16.19 crore shares from 17.89 crore shares of the previous sessions.

Some issues from IT, insurance, textile and non-banking sectors were the major gaining issues of the day. The issues included Aamra Tech, Paramount Insurance, Asian Insurance, Argo Denim and MHSML.

National Tubes, Zeal Bangla, Kohinoor Chemical, Kay & Que and YPL were the most losing securities.

Doreen Power topped the turnover list followed by BSRM Limited, NBL, Squire Pharma and BBS.

Chittagong Stock Exchange (CSE) closed the session down, with its CASPI closing 95.25 points down at 14391.74.

Some 1.12 crore shares changed hands on the day for Taka 28.69 crore.