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Stocks surged in early hours of trading on Thursday as investors continued their buying binge on sector specific issues based on earnings declarations.
Following the previous two days’ correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on positive note amid low trading activities.
After 30 minutes of trading, DSEX gained more than 11 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 20 points at 11:00am when the report was filed.
DSEX, the prime index of the DSE, went up by 11.60 points or 0.25 per cent to stand 4,477 points at 11:00am.
Two other indices also saw positive trend till then. The DS30 index, comprising blue chips, gained 3.68 points to reach at 1,522 and the DSE Shariah Index rose 2.16 points to stand at 1,031 points till then.
Turnover, the important indicator of the market, stood at Tk 540 million on DSE when the report was filed at 11:00am.
LafargeHolcim Bangladesh was the most traded stocks till then with shares worth Tk 48 million changing hands, closely followed by ADN Telecom, Indo-Bangla Pharma, Khulna Power and ML Dyeing.
Of the issues traded till then, 184 advanced, 53 declined and 45 remained unchanged on the DSE trading floor.
The port city’s bourse – the Chittagong Stock Exchange – (CSE) also saw positive trend till then with CSE All Share Price Index- CASPI-advancing 20 points to stand at 13,599 points, also at 11:00am.
The Selective Category Index – CSCX – also gained 13 points to stand at 8,245 points till then.
Of the issues traded till then, 45 advanced, 16 declined 9 issues remained unchanged with Tk 22 million in turnover.