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Stocks open week lower

WT24 Desk

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

The major falling sectors were bank and engineering. A total of 161 securities of the large-cap group incurred loss due to lower activities.

The broader index DSEX of Dhaka Stock Exchange (DSE) finished the first session of the week with 41.84 points down at 5,819.27.   The Shariah DSES and the blue-chip DS30 also followed the same trend with 3.14 points down at 1,301.04 and with 10.32 points down at 2,098.78.

The daily turnover in value at DSE declined to Taka 768.92 crore from Thursday’s Taka 832.12 crore and the volume of shares fell to 21.31 crore from 23.48 crore shares of the previous session.

At DSE, out of the day’s 330 securities, prices of 92 securities closed higher against 198 losing issues. The top five gaining companies were Monno Ceramics, Monno Stafflers, GENMINISEA, RSRM Steel and Far East Life Insurance.

The major losers were Pubali Bank, BD Auto Cars, Rupali Bank, NCCBLMF1 and GQ Ball Pen.  BBS Cables topped the turnover list followed Ifad Autos, Active Fine, ACME Lab and ACI.

Chittagong Stock Exchange (CSE) also closed the day of the week with downward trends with its major CASPI 120.98 points down at 18,078.75.

At CSE, 250 issues were traded. Of those, 74 closed higher and 157 closed lower when 1.18 crore shares worth Taka 37.12 crore changed hands.

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