Loading...
The Financial Express

Stocks open higher as pre-Eid sale pressure eases

| Updated: July 14, 2021 20:33:06


Stocks open higher as pre-Eid sale pressure eases

Stocks on both the bourses opened higher on Tuesday, after the previous day’s marginal correction, as pre-Eid sale pressure eased to some extent.

Only four trading days are left before vacation as Eid-ul-Azha to be celebrated in the country on July 21.

Following the previous day’s marginal loss, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 27.18 points or 0.43 per cent to stand at 6,235 within the first 30 minutes of trading at 10:30 am.

Market analysts said the relaxation of lockdown ahead of Eid vacation impacted the market momentum positively.

Two other DSE indices also saw a positive trend till then with the DS30 index, comprising blue chips, gained 4.40 points to reach 2,263 and the Shariah Index (DSES) rose 4.25 points to stand at 1,351 points.

Turnover, another important indicator of the market, stood at Tk 2.16 billion within the first 30 minutes of trading at 10:30 am.

Of the issues traded till then, 239 advanced, 76 declined, and 40 remained unchanged on the DSE trading floor.

Power Grid Company was the most traded stock till then with shares worth Tk 252 million changing hands, closely followed by Beximco, Fu-Wang Ceramic, Advent Pharma and Delta Life Insurance.

The port city bourse – the Chittagong Stock Exchange – (CSE) also opened higher with CSE All Share Price Index- CASPI-gaining 21 points to stand at 18,061, also at 10:30 am.

Of the issues traded till then 60 advanced, 20 declined and 70 remained unchanged with Tk 55 million in turnover.

[email protected]

Share if you like