TheBrief: Price fall in large-cap drives stocks down

Country’s both bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE), on Sunday also plunged as investors continued their cautious stance amid lingering uncertainties stemming from the Middle East conflicts, triggering broad-based selloff.

DSEX the broad index of the DSE, declined by 44.2 points to settle at 5,272 points, as against 5,316 points in the previous trading session. The market opened on a dismal note as selling pressure remained predominant from the opening bell. Despite an attempt for partial recovery from the initial plunge, the market largely remained under sustained downward pressure throughout the session, with most scrips closing in negative territory.

However, market turnover also increased by 7.1 per cent to Taka 6.4 billion from Taka 6.0 billion in the previous session. On the sect oral front, Pharma (17.6) per cent issues exerted the highest turnover, followed by Engineering (12.9) per cent and Bank (9.9) per cent sectors. Sectors displayed mixed returns, out of which Paper (1.2) per cent, Ceramic (0.7) per cent and Mutual Fund (0.5) per cent exhibited the most positive returns on the bourse on Sunday.