Price Fall in Large-Cap Drives Stocks Further Down

Both the bourses-- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE)-- of the country today plunged further due to mainly price fall in large-cap securities.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 58.59 points or 0.91 percent to 6,431.35. Two other indices also ended sharply lower with the DSE 30 Index, comprising blue chips, plunged 17.79 points to finish at 2,285.80 and the DSE Shariah Index (DSES) lost 5.78 points to close at 1,404.58.

Turnover, a crucial indicator of the market, remained low and amounted to Taka 14,006.65 million which was Taka 22,963.90 million at the previous session of the week.

Out of 369 issues traded, 262 declined, 38 advanced and 69 remained unchanged on the DSE trading floor.

JHRML topped the turnover chart, followed by NAHEEACP, EHL, Beximco and Orion Pharma.

SEAPEARL was the day's top gainer, posting 9.81 percent gain while Sonargaon was the worst loser, losing 9.96 per cent.

The Chittagong Stock Exchange (CSE) also ended sharply lower with the CSE All Share Price Index - CASPI -losing 177.44 points to settle at 18,904.21 and the Selective Categories Index - CSCX shedding 106.54 points to close at 11,330.33.

Of the issues traded, 184 declined, 49 advanced and 41 issues remained unchanged on the CSE trading floor.

The port city's bourse traded 69.88 lakh shares and mutual fund units with turnover value worth about Taka 22.66 crore.