Stocks open higher on bourses

FE Online Report | Published: July 04, 2018 11:47:12 | Updated: July 05, 2018 16:05:09


Prices of most of the shares on bourses witnessed upward trend in early hour of trading on Wednesday as investors are active on sector specific stocks.

Following the previous three days’ fall, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on positive note amid rising trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse rose more than 24 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 21 points at 10:45am.

After 30 minutes of trading, the DSEX rose more than 33 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 35 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 33.53 points or 0.63 per cent to reach at 5,306 points at 11:00am.

The DS30 index, comprising blue chips, also rose 13 points to reach at 1,907 points.

The DSE Shariah Index index advanced 7.0 points to reach at 1,243 points till then.

Turnover, the important indicator of the market, stood at Tk 1.41 billion when the report was filed at 11:00am.

The newly listed Bashundhara Paper Mills was the most traded stocks till then with shares worth Tk 300 million changing hands, closely followed by Legacy Footwear Tk 154 million, Prime Textile Tk 84 million, Monno Ceramic Tk 78 million and Ranatpur Steel Tk 76 million.

Of the issues traded till then, 176 advanced, 46 declined and 41 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-rising 35 points to stand at 16,286, also at 11:00am.

The Selective Category Index – CSCX –also advanced 21 points to stand at 9,845 points till then.

Of the issues traded till then, 61 gained, 23 declined and 17 issues remained unchanged with Tk 67 million in turnover.

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