DSE, CSE witness sharp gain in early trading

Stocks witnessed sharp gain in early trading on Tuesday, after hitting 31 months low in the previous day, as bargain hunters stepped in.

The Dhaka Stock Exchange (DSE) on Tuesday requested the all stock brokers for ensuring legal authorisation regarding placing any sale order, which also halt the massive sale pressure.

“All stock brokers are requested to ensure due authorisation from their clients, like sale orders, CDBL Pay-In form etc. before placing any sale order into the system,” according to the DSE disclosure.

Following the previous two days’ 164 points fall, the Dhaka Stock Exchange and the Chittagong Stock Exchange (CSE) opened higher, but trading activities remains low.

Within first 15 minutes of trading, the key index of the country’s prime bourse soared 45 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 65 points at 10:45am.

After 30 minutes of trading, the DSEX rose more than 65 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 164 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 65.82 points or 1.32 per cent to stand 5,032 points at 11:00am.

The DS30 index, comprising blue chips, also rose 21 points to reach at 1,797 points till then. The DSE Shariah Index advanced 15 points to stand at 1,154 points.

Turnover, the important indicator of the market, stood at Tk 509 million on DSE when the report was filed at 11:00am.

Fortune Shoes was the most traded stocks till then with shares worth Tk 45 million changing hands, closely followed by Monno Ceramic, Prime Insurance, Sinobangla Industries and Beacon Pharma.

Of the issues traded till then, 266 advanced, 29 declined and 20 remained unchanged on the DSE trading floor.

The port city’s bourse – the Chittagong Stock Exchange – (CSE) also saw sharp gained till then with CSE All Share Price Index- CASPI-rising 88 points to stand at 15,304 points, also at 11:00am.

The Selective Category Index – CSCX – also rose 53 points to stand at 9,310 points till then.

Of the issues traded till then, 84 advanced, 18 declined 07 remained unchanged with Tk 13 million in turnover.

[email protected]