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DSE, CSE edge higher on BSEC move

FE Online Report | Published: May 09, 2019 11:29:17 | Updated: May 20, 2019 11:11:07


The prices of most of the shares on bourses saw positive trend in early trading on Thursday as investors followed cautious despite securities regulator’s moves.

According to the BSEC move, the lock-in period applicable to non-general shareholders will remain in place from the date of debut trading instead of issuing IPO prospectus.

Lock-in is a predetermined amount of time after an initial public offering where large stakeholders are restricted from selling their shares.

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

Within first 30 minutes of trading, the key index of the country’s prime bourse advanced 27 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 25 points at 10:30am.

After that the market index started to decline.

After first hour of trading, the DSEX gained more than 5.83 points while the CSE All Share Price Index (CASPI) of port city’s bourse advanced 23 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 5.83 points or 0.11 per cent to reach at 5,278 points at 11:00am.

The DSE Shariah Index also gained 3.40 points to stand at 1,221 points. However, the DS30 index, comprising blue chips, fell 0.92 points to reach at 1,857 points till then.

Turnover, the important indicator of the market, stood at Tk1.05 billion on DSE when the report was filed at 11:00am.

Of the issues traded till then, 175 advanced, 172 declined and 58 remained unchanged on the DSE trading floor.

Indo-Bangla Pharma was the most traded stocks till then with shares worth Tk 83 million changing hands, closely followed by Fortune Shoes, Esquire Knit Composite, SS Steel and Intraco Refueling Station.

The port city’s bourse – the Chittagong Stock Exchange – (CSE) also saw positive trend till then with CSE All Share Price Index- CASPI-advancing 23 points to stand at 16,233 points, also at 11:00am.

The Selective Category Index – CSCX –also gained 14 points to stand at 9,829 till then.

Of the issues traded till then, 51 gained, 31 declined and 14 issues remained unchanged with Tk 46 million in turnover.

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