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The prices of most of the shares on bourses witnessed positive trend in early hour of trading on Wednesday as some investors are active on sector-wise issues.
Brokers said stable political situation after the national election, higher operating profit growth most of the listed banks coupled with securities regulator positive move on margin rules prompted the investors to take position on stocks.
Following the previous eight sessions’ gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher amid rising trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 19 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 14 points at 10:45am.
After 30 minutes of trading, the DSEX advanced nearly 6.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 28 points at 11:00am when the report was filed.
DSEX, the prime index of the DSE, went up by 5.80 points or 0.10 per cent to stand 5,471 points at 11:00am.
The DSE Shariah Index also advanced 4.26 points to stand at 1,250 points.
However, the DS30 index, comprising blue chips, fell 1.32 points to reach at 1,906 points till then.
Turnover, the important indicator of the market, stood at Tk 1.28 billion on DSE when the report was filed at 11:00am.
BBS Cables was the most traded stocks till then with shares worth Tk 108 million changing hands, closely followed by JMI Syringes, Beximco, Saiham Cotton Mills and Paramount Textile.
Of the issues traded till then, 161 advanced, 75 declined and 60 remained unchanged on the DSE trading floor.
The port city’s bourse – the Chittagong Stock Exchange – (CSE), also saw upward trend till then with CSE All Share Price Index- CASPI-advancing 28 points to stand at 16,759 points, also at 11:00am.
The Selective Category Index – CSCX –also gained 13 points to stand at 10,129 points till then.
Of the issues traded till then, 112 gained, 66 declined and 31 issues remained unchanged with Tk 33 million in turnover.