Stocks open higher on both bourses

FE Online Report | Published: September 06, 2018 11:27:01 | Updated: September 13, 2018 12:01:45


FE file photo used for representation

The prices of most of the stocks on bourses saw an upward trend in early hour of trading on Thursday as investors were showing their buying appetite on sector-wise stocks.

Following the previous day’s marginal gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on upward note amid rising trading activities.

Within first 15 minutes of trading, DSEX, the key index of the country’s prime bourse advanced more than 15 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 35 points at 10:45am.

After 30 minutes of trading, the DSEX advanced more than 24 points while the CASPI of port city’s bourse rose 50 points at 11:00am when the report was filed.

The DSEX went up by 24.18 points or 0.43 per cent to reach at 5,586 points at 11:00am.

The DS30 index, comprising blue chips, also gained 6.61 points to reach at 1,962 points.

The DSE Shariah Index rose 6.76 points to stand at 1,286 points till then.

Turnover, the important indicator of the market, stood at Tk 1.66 billion on DSE when the report was filed.

Khulna Power Company was the most traded stocks till then with shares worth Tk 261 million changing hands, followed by Peninsula Chittagong Tk 116 million, Oimex Electrode Tk 66 million, Nahee Aluminum Tk 61 million, and IFAD Autos Tk 55 million.

Of the issues traded till then, 171 advanced, 70 declined, and 42 remained unchanged on the DSE trading floor.

The Chittagong Stock Exchange saw a positive trend till then with the CASPI gaining 50 points to stand at 17,193, also at 11:00am.

The Selective Category Index (CSCX) also gained 31 points to stand at 10,417 points till then.

Of the issues traded till then, 58 gained, 31 declined, and 16 issues remained unchanged with Tk 40 million in turnover.

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