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Dhaka Tribune

Price fall in large-cap drives stocks down

Beximco was the most-traded stock with shares worth Tk39.7 crore changing hands, followed by Intraco Refueling Station (Tk29 crore) and Titas Gas (Tk16.2 crore)

Update : 17 Jul 2022, 06:50 PM

Stocks today witnessed a downward trend due mainly to price fall in large-cap securities.

DSEX, the core index of the Dhaka Stock Exchange, went down by 20.22 points to settle at 6,304. Two other indices also closed in the red. The DS30 Index lost 6.29 points to close at 2,267 and the DSES Index shed 1.11 points to finish at 1,376.

Turnover, the crucial indicator of the market, remained low and amounted to Tk593 crore, which was 2.07% higher than the previous day's seven-week lowest turnover of Tk581 crore.

Losers took a strong lead over the gainers as out of 382 issues traded, 236 declined, 99 advanced and 99 issues remained unchanged on the DSE trading floor.

Beximco was the most-traded stock with shares worth Tk39.7 crore changing hands, followed by Intraco Refueling Station (Tk29 crore), Titas Gas (Tk16.2 crore), Delta Life Insurance (Tk13.9 crore) and Fu-Wang Food (Tk11.7 crore).

Junk stocks dominated the day's top gainers chart with Mithun Knitting and Dyeing was the top gainer, rising 10% while the state-run DESCO was the day's worst loser losing 2%.

The Chittagong Stock Exchange (CSE) also ended lower with the CSE All Share Price Index - CASPI -losing nearly 72 points to settle at 18,523 and the Selective Categories Index - CSCX -shedding almost 44 points to close at 11,099.

Of the issues traded, 183 declined, 67 advanced and 40 issues remained unchanged on the CSE trading floor.

The port city's bourse traded 6.75 million shares and mutual fund units with a turnover value worth Tk19.6 crore.


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