Price fall in large-cap drives stocks down

Bangla Tribune Desk
Published : 18:59, Mar 13, 2019 | Updated : 19:02, Mar 13, 2019

File photo shows a general view of the Dhaka Stock Exchange building.Stocks closed on Wednesday (Mar 13) of the week with downward trend due mainly to price fall in large-cap securities despite higher transactions, reports BSS.

The falling major sectors were insurance, ceramics and textile. A total of 184 securities of the large-cap group moved down due to lower activities.

The broader DSEX index of Dhaka Stock Exchange (DSE) closed the day with 29.22 points down at 5,653.21. The Shariah DSES and the blue-chip DS30 also followed the same trend with 11.73 points down at 1,292.20 and with 8.26 points down at 2,005.49.

The daily trade rose to 140.9 million shares from Tuesday’s 113.1 million shares and the day’s trade value at DSE increased to Tk 7.08 billion from Tk 6.22 crore of the previous session.

At DSE, out of the day’s 346 securities, prices of 71 securities closed higher against 242 losing issues.

The major gaining issues were Dutch Bangla Bank, KAY&QUE, Uttara Bank, Libra Infusion and VAMLBDMF1.

The major losing companies were Republic, Monno Ceramics, Safko Spinning, NFML and Prime Insurance. Dutch Bangla Bank topped the turnover list followed by BATBC, UPGDCL, BRAC Bank and Uttara Bank.

The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 57.95 points down at 17,363.48.

At CSE, 252 issues were traded. Of those, 55 closed higher and 172 closed lower when 6.13 million shares worth Tk 201 million changed hands.