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The Financial Express

Stocks open higher as major sectors surge

| Updated: September 30, 2021 16:09:10


Stocks open higher as major sectors surge

Stocks witnessed an upward trend at the opening on Tuesday as bargain hunters continued their buying interest on major sector issues.

Following the previous day’s marginal rise, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 36.70 points or 0.50 per cent to stand at 7,288 points within the first 30 minutes of trading at 10:30am.

Two other indices also saw positive trends till then. The DS30 index, comprising blue chips, advanced 13.79 points to stand at 2,690 and the Shariah Index (DSES) gained 5.10 points to stand at 1,583 points till then.

Turnover, another important indicator of the market, stood at Tk 2.69 billion within the first 30 minutes of trading at 10:30am.

Market analysts said the optimistic hunters are showing their appetite in June-closing stocks ahead of earnings and dividend declarations.

Beximco, ICB, LafargeHolcim, Beximco Pharma and National Life Insurance led the index gain till then.

Of the issues traded, 230 advanced, 67 declined while 54 issues remained unchanged on the DSE trading floor.

Beximco was the most traded stock till then with shares worth Tk 223 million changing hands, closely followed by LafargeHolcim, Orion Pharma, Shahjibazar Power and Saif Powertec.

The Chittagong Stock Exchange also saw an upbeat trend at opening with its All Shares Price Index (CASPI)—gaining 96 points to stand at 21,244 while the Selective Categories Index – CSCX rising 59 points to reach at 12,750, also at 10:30am.

Of the issues traded, 63 advanced, 24 declined and 14 remained unchanged with Tk 48 million in turnover.

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