Price fall in large-cap drives stocks down

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DHAKA, May 18, 2021 (BSS) – Stocks today witnessed downward trend due mainly to price fall in large-cap securities.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 10.85 points or 0.19 per cent to settle at 5,829.23.

Two other indices also closed lower. The DS30 index, comprising blue chips, lost 4.50 points to finish at 12,194.77 and the DSE Shariah Index fell 3.95 points to close at 1,281.14.

The daily trade turnover on the DSE increased to Taka 17,196.34 million which was Taka 15,346.22 million at the previous session of the week.

Losers took a strong lead over the gainers as out of 365 issues traded, 215 closed lower, 103 higher and 47 issues remained unchanged on the DSE trading floor.

Beximco continued to dominate the turnover chart, followed by Prime Bank, BATBC, Saif Power and NFML.

Standard Insurance was the day’s best performer, posting a gain of 10 per cent while BIFC was the worst loser, losing 6.67 per cent following its price adjustment after record date.

The Chittagong Stock Exchange also ended lower with its All Shares Price Index (CASPI)—slumping 28.43 points to close at 16,894.16 while the Selective Categories Index – CSCX shedding 19.32 points to close at 10,183.02.

Of the issues traded, 168 declined, 89 advanced and 32 remained unchanged on the CSE.

The port city bourse traded 2.59 crore shares and mutual fund units with turnover value of more than Taka 60.74 crore.