Price fall in large-cap drives stocks down

Business Desk :

Country’s both bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – on Tuesday extended losing streak amid persistent investor anxiety over the potential impact of the newly enacted margin rules, leaving the overall market sentiment on tenterhooks. 

DSEX, the broad index of the DSE, declined by 39.2 points and settled at 4,861 points as against 4,900 points in the previous trading session reports BSS. Market turnover decreased further by 11.4 per cent to Taka 3.6 billion from Taka 4.0 billion in the previous session. 

On the sectoral front, engineering (16.3per cent) issues exerted the highest turnover, followed by Pharma (15.7per cent) and Textile (9.0per cent) sectors. 

Most of the sectors displayed negative returns, out of which Life Insurance (-3.3per cent), Financial Institution (-3.2per cent) and Mutual Fund (-2.2per cent) exerted the most corrections on the bourse today, while only Jute (3.4per cent) and Fuel & Power (1.3per cent) managed to settle on positive terrain. 

Out of the 397 issues traded, 69 advanced, 274 declined and 54 remained unchanged.

The port city bourse, CSE, also settled on a negative zone. The Selective Categories’ Index (CSCX) and All Share Price Index (CASPI) decreased by 74.8 points and 140.1 points, respectively.