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The Financial Express

Stocks witness higher in early trading

FE Online Report | Published: December 24, 2017 11:46:11 | Updated: December 24, 2017 13:01:49


Stocks witness higher in early trading

Stocks on both bourses witnessed upward trend in early hour of trading Sunday as optimistic investors are showing their buying appetite on selective issues ahead of year-closing.

Following the previous week’s marginal correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher with low trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 13 points while the CSE All Shares Price Index (CAPSI) of port city bourse rose 33 points at 10:45am.

After first 30 minutes of trading, the key index of the country’s prime bourse gained nearly 10 points while the CSE All Shares Price Index of port city bourse advanced 35 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 9.84 points or 0.16 per cent to reach at 6,193 points, when the report was filed at 11:00am.

The two other indices also saw positive trend till then. The DS30 index, comprising blue chips advanced 8.47 points or 0.38 per cent to reach at 2,240 points.

The DSE Shariah Index (DSES) also gained 4.68 points or 0.34 per cent to stand at 1,371 points.

Turnover, the important indicator of the market, stood at Tk 640 million when the report was filed.

Of the issues traded till then, 81 advanced, 95 declined, and 58 remained unchanged.

Nahee Aluminum, which made its share trading debut today, was the most traded stocks till then with shares worth Tk 265 million changing hands, followed by National Tubes Tk 60 million, Lafarge Surma Cement Tk 36 million, Emerald Oil Industries Tk 29 million, and Rupali Bank Tk 18 million.

The port city bourse – the Chittagong Stock Exchange – (CSE) also saw positive trend till then with its All Shares Price Index, CAPSI –advancing 35 points to stand at 19,158, also at 11:00am.

The Selective Categories Index of Chittagong market also gained 23 points to reach at 11,581 points till then.

Of the issues traded till then, 17 gained, 17 declined, and 5 issues remained unchanged with Tk 67 million in turnover.

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