Price Fall in Large-Cap Drives Stocks Down

Stocks today witnessed a downward trend mainly due to price fall in large-cap securities.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 54.84 points or 0.78 per cent to settle at 6,932.61.

Two other indices also closed lower. The DS30 index, comprising blue chips, lost 23.96 points to finish at 2,579.12 and the DSE Shariah Index fell 4.01 points to close at 1,468.14.

The daily trade turnover on the DSE also plunged to Taka 14,610.89 million which was Taka 16,834.77 million at the previous session of the week. Losers took a strong lead over the gainers as out of 378 issues traded, 248 closed lower, 98 higher and 32 issues remained unchanged on the DSE trading floor.

Beximco dominated the turnover chart, followed by BSC, Delta Life, LHBL and Power Grid.

KPPL was the day's best performer, posting a gain of 10 per cent while SHYAMPSUG was the worst loser, losing 7.25 per cent.

The Chittagong Stock Exchange also ended lower with its All Shares Price Index (CASPI)-slumping 183.60 points to close at 20,311.61 while the Selective Categories Index - CSCX shedding 112.21 points to close at 12,198.24.

Of the issues traded, 194 declined, 86 advanced and 24 remained unchanged on the CSE.

The port city bourse traded 1.35 crore shares and mutual fund units with turnover value of more than Taka 40.53 crore.