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The Financial Express

Stocks open higher amid low turnover

| Updated: December 03, 2017 11:15:26


DSE, CSE inch up in timid trade

The prices of most of the shares on both bourses saw upward trend in early trading Thursday as some optimistic are active on sector-wise large-cap issues.

Following the previous day’s marginal gain, the Dhaka Stock Exchange (DSE) the Chittagong Stock Exchange (CSE) opened higher, but turnover remained low.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 24 points while the CSE All Shares Price Index of port city bourse rose 41 points at 10:45am.

After 30 minutes of trading, the DSEX advanced more than 28 points while CSE All Shares Price Index rose 54 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, which replaced the DGEN in nearly five years back, went up by 28.44 points or 0.45 points to reach at 6,307 points at 11:00am.

The two other indices also saw positive trend till then. The DS30 index, comprising blue chips rose 9.62 points or 0.42 per cent to reach at 2,270 points.

The DSE Shariah Index (DSES) also gained 4.06 points or 0.29 per cent to stand at 1,385 points.

Turnover, the important indicator of the market, stood at Tk only Tk 696 million when the report was filed at 11:00am.

Of the issues traded till then, 148 advanced, 70 declined and 44 remained unchanged.

United Power was the most traded stocks till then with shares worth Tk 66 million changing hands, closely followed by AB Bank Tk 55 million, Brac Bank Tk 38 million, Confidence Cement Tk 29 million and Grameenphone Tk 28 million.

The port city bourse – the Chittagong Stock Exchange – (CSE) also saw upward trend till then with CSE All Shares Price Index –CAPSI –gaining 54 points to stand at 19,474 points, also at 11:00am.

The Selective Categories Index of the port city bourse also gained 34 points to reach at 11,782 points till then.

Of the issues traded till then, 37 gained, 18 declined and 17 issues remained unchanged with Tk 15 million in turnover.

 

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