Price fall in large-cap drives stocks down

Country's both the bourses-- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – on Wednesday plunged due to mainly price fall in large-cap securities.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 41.45 points or 0.72 percent to 5,736.51, reports BSS.

The DSE 30 Index, comprising blue chips, plunged 14.41 points to finish at 2,095.05. But the DSE Shariah Index (DSES) closed the day with 5.07 points up at 1,293.20.

Turnover, a crucial indicator of the market, increased to Taka 7,969.31 million, which was Taka 7,186.30 million at the previous session of the week.

Out of 397 issues traded, 355 declined, 28 advanced and 14 remained unchanged on the DSE trading floor.

BRACBANK topped the turnover chart, followed by ISLAMIBANK, GP, SIBL and SONALIANSH.

ISLAMIBANK was the day's top gainer, posting 10 percent gain while FUWANGFOOD was the worst loser, losing 9.94 per cent.

The Chittagong Stock Exchange (CSE) also ended sharply lower with the CSE All Share Price Index - CASPI -losing 174.48 points to settle at 16,001.40 and the Selective Categories Index - CSCX shedding 100.46 points to close at 9,670.62.

Of the issues traded, 190 declined, 30 advanced and 14 issues remained unchanged on the CSE.

The port city's bourse traded 48.14 lakh shares and mutual fund units with turnover value worth about Taka 18.20 crore.