Dhaka, Wednesday, May 23, 2018

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Stocks see sharp fall

DHAKA, Feb 4, 2018 (BSS) - Stock markets saw sharp fall on Sunday due mainly to price fall in large-cap securities with lower transactions.

The falling major sectors were financial institutions, textile, engineering and services and real estate. A total of 242 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 133.15 points down at 5,888.29. The Shariah DSES and the blue-chip DS30 also followed the same trend with 19.84 points down at 1,377.21 and with 36.34 points down at 2,191.59.

The trade value at DSE declined to Taka 364.91 crore from Thursday's Taka 329.46 crore. But the trade volume increased to 11.09 crore shares from Thursday's 8.49 crore. At DSE, out of the day's 336 securities, prices of 23 securities closed higher against 302 losing issues.

"The investors are cautious about investing in the market as they are feeling uncertainty in this election year," DSE former president Ahsanul Islam Titu told BSS today.

He urged the authorities concerned to take effective steps for bringing back the confidence of the investors.

The major gaining issues were Berger Paint, Monno Stafflers, USMANIAGL, Zaheen Spinning and Rangpur Foundry. The major losing companies were Midas Finance, AllTEX , Summit Alliance port, Saif Power and WMSHIPYARD.

NBL topped the turnover list followed by Lanka Bangla Finance, Square Pharma, Beximco Pharma and AIL.

The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 404.58 points down at 18,219.25.

At CSE, 221 issues were traded. Of those, 14 closed higher and 221 closed lower when 71.01 lakh shares worth Taka 16.64 crore changed hands.