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DSE opens post-Eid session higher

FE Online Report | Published: June 09, 2019 11:26:16 | Updated: June 11, 2019 10:45:09


Investors react while monitoring stock price movements on computer screens at a brockerage house in the capital city — FE/Files

Dhaka stocks witnessed an upward trend in early hour of trading on Sunday, the opening session after nine-day Eid holiday, as investors were showing their buying spree on sector-wise issues.

Bourses performed well on May 30, the last trading session before Eid vacation, as investors showed their buying appetite on post-Eid expectation.

Trading and official activities on the bourses remained closed from May 31 to June 08 on the occasion of the Eid-ul-Fitr, the biggest religious festival of the Muslims, including weekly and special holidays.

However, the presence of investors was thin in the brokerage houses as many investors are yet to return in Dhaka. However, many of them executed trade through phone.

Within first 15 minutes of trading, DSEX, the key index of the country’s prime bourse advanced more than 24 points. After 30 minutes of trading, the DSEX advanced nearly 22 points.

The DSEX went up by 21.89 points or 0.40 per cent to stand at 5399 points at 11:00am.

The two other indices also saw positive trend till then. The DS30 index, comprising blue chips advanced 4.87 points to 1881 points.

The DSE Shariah Index (DSES) gained 6.21 points to stand at 1,220 points till then.

Turnover, the important indicator of the market, stood at Tk 483 million when the report was filed at 11:00am.

Of the issues traded till then, 168 advanced, 49 declined, and 42 remained unchanged.

National Life Insurance was the most traded stocks till then with shares worth Tk 43 million changing hands, followed by United Power, Eastern Cables, FAS Finance and City General Insurance Company.

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