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DSE, CSE witness sharp gain in early trading

FE Online Report | Published: February 07, 2019 12:02:28 | Updated: February 09, 2019 10:58:24


The prices of most of the shares on bourses witnessed upward trend in early hour of trading on Thursday as investors are showing buying spree on sector-wise issues.

Following the previous two days’ correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed sharp rise, but trading activities remains low.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 49 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 54 points at 10:45am.

After 30 minutes of trading, the DSEX advanced more than 51 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 72 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 51.08 points or 0.88 per cent to stand 5,837 points at 11:00am.

The DS30 index, comprising blue chips, also gained 12.43 points to reach at 2,035 points till then. The DSE Shariah Index advanced 8.70 points to stand at 1,320 points.

Turnover, the important indicator of the market, stood at Tk 1.50 billion on DSE when the report was filed at 11:00 am.

United Power was the most traded stocks till then with shares worth Tk 287 million changing hands, followed Sonar Bangla Insurance, Stylecraft, Legacy Footwear, Bangladesh Submarine Cable Company.

Of the issues traded till then, 243 advanced, 38 declined and 32 remained unchanged on the DSE trading floor.

The port city’s bourse–the Chittagong Stock Exchange–also saw positive trend till then with CSE All Share Price Index- CASPI-gaining 72 points to stand at 17,790 points, also at 11:00 am.

The Selective Category Index–CSCX–also gained 45 points to stand at 10,764 points till then.

Of the issues traded till then, 64 gained, 11 declined and 15 issues remained unchanged with Tk 28 million in turnover.

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