6 days ago

Stock index exceeds 5600-mark at opening

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Stocks opened higher on Wednesday, with the key index crossing the 5600 mark, as most investors are in the buying mode owing to heightened optimism.

After the first two hours of trading, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by more than 17 points or 0.30 per cent to 5,612 at 12:00 noon, when the report was filed.

The recent news that the government may allow public servants to trade in the share market coupled with cheaper prices of many good stocks boosted investor confidence, market analysts said.

The blue-chip DS30 index, a group of 30 prominent companies, also gained 5 points to 1970 and the DSES index, which represents Shariah-based companies, rose 2 points to 1,225 till then.

Turnover, another important indicator of the market, stood at Tk 5.15 billion after the first two hours of trading.

Of the issues traded till then, 188 advanced, 166 declined, and 35 issues remained unchanged on the DSE trading floor till then.

Beach Hatchery was the most traded stock till then with shares worth Tk 230 million changing hands.

The Chittagong Stock Exchange also saw an upward trend with its All Shares Price Index (CASPI)—gaining 57 points to stand at 15,947 while the Selective Categories Index – CSCX rose 36 points to reach 9,600 till then.

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