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The Financial Express

Bourses begin week on positive note

| Updated: July 28, 2020 09:55:10


FE file photo FE file photo

Stocks witnessed a positive trend in early trading on Sunday as optimistic investors continued to buy shares on the expectation of improved economic activities.

Within 30 minutes of trading, DSEX advanced more than 12 points while the CSE All Share Price Index (CASPI) of the port city’s bourse gained 29 points at 11:00 when the report was filed.

DSEX, the prime index of the DSE, went up by 12.80 points or 0.31 per cent to stand at 4,093 points at 11:00am.

Two other indices also edged up till then.

Of them, DS30 index, comprising blue chips, gained 5.28 points to reach 1,379 and DSE Shariah Index rose 6.55 points to stand at 952 points.

Turnover, an important indicator of the market, stood at Tk 645 million on DSE when the report was filed at 11:00am.

Market operators said the gradual reopening of the economy and the stock market regulator’s assurance on not lifting floor price restriction until the market become stable have led investors to  buying shares at possible lowest prices.

Grameenphone was the most traded stocks till then with shares worth Tk 56 million changing hands, followed by Pioneer Insurance, Nahee Aluminum, Monno Cramic and Saiham Textile.

Chittagong Stock Exchange (CSE) also saw a positive trend with its CSE All Share Price Index – CASPI - advancing 29 points to stand at 11,651 points at 11:00am.

The port city bourse’s Selective Category Index - CSCX - gained 18 points to stand at 7,062 points till then.

Of the issues traded till then, 24 advanced, 16 declined and 47 issues remained unchanged with Tk 8.0 million in turnover.

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