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BSS
28 October, 2015, 19:09
Update: 28 October, 2015, 19:09
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Price fall in stock market continues

BSS
28 October, 2015, 19:09
Update: 28 October, 2015, 19:09

Dhaka: Price fall in the stock market continued on Wednesday due mainly to the weak earnings reports of the listed companies those started hitting the dashboard of the twin bourses during the past few trading sessions.

The broader price index at Dhaka Stock Exchange (DSE) dropped further on Wednesday to close at 4579.37, with DS30 and DSES ending lower at 1730.84 and 1097.18 accordingly.

The daily trade value was down by 11.61 percent to Taka 262.56 crore when the volume fell by nearly 10.0 percent to 8.09 crore shares.

The regulator - Bangladesh Securities and Exchange Commission (BSEC) - took an effort to stabilise the price volatility, with restricting margin loan facilities for first 30 trading days of newly listed companies and changing category. But, most of the issues traded at DSE ended lower. Out of the day's traded 315 issues, 160 closed lower and 108 higher while 47 were static.

Like previous session, all the major sectors including fuel and power, food and allied, engineering, cement, NBFI and textile decreased while bank and pharmaceuticals were up.

The top five advancing companies were Delta Spinning, Anlima Yarn, Standard Ceramic, Desh Garment and Nitol Insurance and the most lagging issues were Far Chemical, Imum Botton, Bengal Windsor, Aziz Pipe and National Tubes.

Singer Bangladesh topped the turnover list followed by Lafarge Surma, KDS Accessories, CAN Textile, United Air, CVO Petrochemical and SPCL.

Chittagong Stock Exchange (CSE) closed the day lower, with its CSCX losing 17.27 points to end at 8512.90.

Out of the 235 issues traded, 80 closed higher and 120 lower while 75.61 lakh shares worth Taka 22.44 crore changed hands.

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  1. Rely on your refrigerator even during power outage
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  5. Samsung launched exclusive campaign titled “Big TV Days”
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