BSS-49 Price fall in large-cap drives stocks down

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ZCZC

BSS-49

STOCK-OPEN-WEEK

Price fall in large-cap drives stocks down

DHAKA, Feb 3, 2019 (BSS) – Stock markets closed on Sunday of the week with downward trend due mainly to price fall in large-cap securities.

The falling major sectors were engineering, textile, insurance and pharmaceuticals and chemicals. A total of 141 securities of the large-cap group moved down due to lower activities.

The broader DSEX index of the Dhaka Stock Exchange (DSE) closed the day with 19.68 points down at 5,801.33. The Shariah DSES also closed the day with 4.12 points up at 2,003.84. But, the blue-chip DS30 closed the day with 0.78 point up at 1,311.38.

The daily trade fell to 24.07 crore shares from Thursday’s 26.03 crore shares and the day’s trade value at the DSE decreased to Taka 984.21 crore from Taka 992.74 crore of the previous session.

At the DSE, prices of 133 securities out of the day’s 346 closed higher against 186 losing issues.

The major gaining issues were ICBAMCL2ND, BSCCL, BNICL, CITYGENINS and East Land. The major losing companies were Apollo Isphat, Zahin Tex, United Insurance, Imam Button and Hakkani Pulp.

BSCCL topped the turnover list followed by UPGDCL, KPCL, GP and MPETROLEUM.

The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 109.02 points down at 17,781.90.

At the CSE, 274 issues were traded. Of those, 99 closed higher and 166 closed lower when 1.36 crore shares worth Taka 36.73 crore changed hands.

BSS/KUC/MMA/2010hrs