DSE, CSE kick off 2019 on a strong note

FE Online Report | Published: January 01, 2019 11:23:49 | Updated: January 02, 2019 11:41:31


Stocks witnessed sharp rise in early hour of trading on Tuesday, the opening session of the New Year 2019, as optimistic investors are active on sector-wise issues.

After the national elections and last seven days’ gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) open higher amid rising trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 43 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 86 points at 10:45am.

After 30 minutes of trading, the DSEX advanced more than 41 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 95 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 41.04 points or 0.76 per cent to stand 5,426 points at 11:00am.

The DS30 index, comprising blue chips, gained 18.54 points to reach at 1,899 points till then.

The DSE Shariah Index also advanced 8.65 points to stand at 1,241 points.

Turnover, the important indicator of the market, stood at Tk 1.0 billion on DSE when the report was filed at 11:00am.

BBS Cables was the most traded stocks till then with shares worth Tk 135 million changing hands, closely followed by Beximco, IFAD Autos, Paramount Textile and Khulna Power.

Of the issues traded till then, 207 advanced, 36 declined and 24 remained unchanged on the DSE trading floor.

The port city’s bourse – the Chittagong Stock Exchange – (CSE), also saw upward trend till then with CSE All Share Price Index- CASPI-advancing 95 points to stand at 16,544 points, also at 11:00am.

The Selective Category Index – CSCX –also gained 58 points to stand at 10,005 points till then.

Of the issues traded till then, 51 gained, 10 declined and 01 issues remained unchanged with Tk 33 million in turnover.

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