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Stocks open week down

WT24 Desk

Stocks opened the week down as the major sectors closed the session with falling trends at both Dhaka and Chittagong Stock exchanges on Sunday,  Agencies report.

The falling major sectors included bank and financial institutions. A total of 168 securities of the large-cap group incurred losses due to lower activities.  The broader index DSEX of Dhaka Stock Exchange (DSE) finished the session with 53.03 points down at 5,592.83. The blue-chip DS30 and Shariah DSES followed it with 27.64 points down at 2059.70 and with 8.11 points down at 1286.77 respectively.

The day’s trade value at DSE increased to Taka 724.22 crore from Thursday’s Taka 595.80 crore and the daily trade rose to 23.57 crore shares from 18.24 crore shares of the previous session. At DSE, out of the day’s 326 securities, prices of 90 securities closed higher against 196 losing issues.

The major gaining issues were Central PHL, Regent Textile, Beacon Pharma, Asia Pacific and Saiham Cotton. The major losing companies were Standard Bank, SAVAREFR, Premier Leasing, Lanka Bangla Finance and IFIC.

Lanka Bangla Finance topped the turnover leaders followed by City Bank, ETL, PTL and Beximco.  Chittagong Stock Exchange (CSE) also finished Sunday’s session in red, with major CASPI index closing 152.67 points down at 17,319.66.

Out of the traded 237 issues, 68 advanced, 140 incurred losses and 29 remained static when 1.98 crore shares worth Taka 47.20 crore changed hands.

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