The Financial Express

Stocks open post-Eid session higher

| Updated: May 16, 2021 15:40:00

Stocks open post-Eid session higher

The prices of most of the shares on the bourses witnessed an upward trend in the early hour of trading Sunday, the first session after the Eid holiday.

Trading and official activities on the bourses remained closed for three days (May 13 to May 15), including two weekly holidays.

The market soared at the opening as the benchmark index of the Dhaka Stock Exchange (DSE), rose 29.85 points or 0.51 per cent to stand at 5,780 points within the first 30 minutes of trading when the report was filed at 10:30 am.

Two other indices saw an upward trend till then with the DS30 index, comprising blue chips, rose 4.30 points to reach at 2,191 and the Shariah Index (DSES) gained 7.50 points to stand 1,282 points till then.

Turnover, another important indicator of the market, stood at Tk 2.95 billion within the first 30 minutes of trading at 10:30 am.

Market operators said the investors continued their buying interest on selective large-cap sector stocks amid growing confidence in the market as recent market momentum showed optimism.

Lower return from the money market, easing virus worries coupled with an extension of margin loan cap implementation time for another six months, continued to lure investors to put fresh funds on stocks, said a top broker.

Of the issues traded till then, 209 advanced, 70 declined and 91 remained unchanged on the DSE trading floor till then.

Saif Powertec was the most traded stock till then with shares worth Tk 180 million changing hands, closely followed by Beximco, NRB Commercial Bank, Pioneer Insurance, and Summit Power.

The port city bourse – the Chittagong Stock Exchange – (CSE) also saw an upbeat trend till then with CSE All Share Price Index- CASPI-gaining 91 points to stand at 16,750, also at 10:30 am.

Of the issues traded till then 92 advanced, 36 declined and 19 remained unchanged with Tk 75 million in turnover.

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