Stocks witness up on large-cap vibe

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DHAKA, May 22, 2019 (BSS) – Stocks today witnessed upward trend as major
indices of both Dhaka and Chittagong Stock Exchanges were found rising trend
with higher activities of some large-cap securities despite lower
transactions.

The rising major sectors were insurance and engineering. A total of 145
securities of the large-cap group moved up on higher activities.

The broader DSEX index of the DSE closed the session with 14.10 points up
at 5,250.95. The Shariah DSES and the blue-chip DS30 also followed the same
trend with 1.32 points up at 1,196.54 and with 7.54 points up at 1,830.32
respectively.

The volume of shares fell to 8.61 crore from Tuesday’s 10.84 crore shares
and the daily turnover in value at DSE decreased to Taka 290.54 crore from
Tuesday’s Taka 351.70 crore.

At the DSE, price of 191 securities out of the day’s 342 traded issues
closed higher against 92 losing issues.

The major gaining issues were Global Insurance, City General Insurance,
OIMEX, Islami Insurance and VAMLBDMF while the major losing issues were
Rupali Life, Berger PBL, Jute Spinning, VAMLRBBF and Bank Asia.

Fortune topped the turnover leaders followed by Brac Bank, JMISMDL, UPGDCL
and ECABLES.

The Chittagong Stock Exchange (CSE) closed the day of the week with upward
trend with its major CASPI 34.88 points up at 16,042.83.

At the CSE, 227 issues were traded. Of those, 119 closed higher and 72
closed lower while 43.93 lakh shares worth Taka 14.75 crore changed hands.