Stocks witnessed an upward trend in early trading on Monday, after remaining down in the past two sessions, as bargain hunters showed their appetite on lucrative issues.
Following the previous two days’ fall, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on a positive note with rising trading activities.
After the first hour into trade, DSEX rose more than 38 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 137 points at 11:00 am when the report was filed.
DSEX, the prime index of the DSE, went up by 38.50 points or 0.70 per cent to stand 5,486 points till then.
Two other indices also saw positive trends till then. The DS30 index, comprising blue chips, advanced 20.52 points to reach at 2,120 and the Shariah Index (DSES) rose 8.16 points to stand 1,246 points till then.
Turnover, another important indicator of the market, stood at Tk 3.16 billion within the first hour of trading at 11:00 am.
Of the issues traded till then, 170 advanced, 45 declined and 99 remained unchanged.
Beximco - the flagship company of Beximco Group- was the most traded stock till then with shares worth Tk 711 million changing hands, followed by BATBC, LankaBangla Finance, Beximco Pharma and ROBI.
The port city bourse – the Chittagong Stock Exchange – also saw upbeat notes with CSE All Share Price Index- CASPI- soaring 137 points to stand at 15,924, also at 11:00 am.
Of the issues traded till then, 59 gained, 30 declined, and 26 issues remained unchanged with Tk 126 million in turnover.