DSE indices, turnover decline significantly

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FE Report
The indices on the Dhaka Stock Exchange (DSE) Monday, fell and the turnover declined significantly.
Market operators said the prices on the DSE fell mainly due to fall in price of the issues under banking sector, power, and mutual funds. Inclement weather conditions also contributed to the poor turnover.
On Monday, All Shares Price Index or DSI, DSE-20 Index or DS20 and DSE General Index or DGEN declined by 19.231 points, 19.403 points and 21.915 points close to 1626.709, 1786.338 and 1986.369 respectively.
The total turnover declined to Tk 1.096 billion from Tk 1.161 billion on the previous day. The total market capitalisation also declined to Tk 440.261 billion from Tk 444.519 billion on the previous day.
Out of 25 issues under the banking sector, prices of 21 declined and the remaining marginally gained.
Issues under power sector declined on the day. As a result, the indices on the DSE Monday declined.
In the banking sector prices of Bank Asia, The City Bank Limited, Dhaka Bank, Eastern Bank Limited, National Bank Limited (NBL), Prime Bank, Pubali Bank, Uttara Bank, Rupali Bank and United Commercial Bank Limited (UCBL), AB Bank, Al-Arafah Bank, Exim Bank and Dhaka Bank Limited declined.
On the other hand, prices of Power Grid, DESCO and Summit Power declined in a dull session on the rainy day.
Out of 191 traded issues prices of 63 gained, 107 declined and 21 remained unchanged.
On the session Power Grid maintained its position as turnover leader with trading issues worth Tk 110.120 million followed by Southeast Bank at Tk 86.356 million, BRAC Bank at Tk 78.340 million, Summit Power at Tk 62.389 million, Prime Bank at Tk 58.766 million, Square Pharma at Tk 56.002 million, Premier Bank at Tk 53.866 million, AB Bank at Tk 44.952 million, Exim Bank at Tk 33.639 million and Pubali bank at Tk 29.568 million on the day.