The Financial Express

Stocks open on upbeat note amid optimism

| Updated: August 15, 2021 09:57:44

Stocks open on upbeat note amid optimism

Stocks opened on an upbeat note on Thursday as the buoyant investors continued their buying spree on major sector issues amid positive expectations.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 33.02 points or 0.49 per cent to stand at 6,656 points within the first 30 minutes of trading at 10:30 am –the highest since its inception more than eight years back in 2013.

Two other indices also saw positive trend at the opening as the DS30 index, comprising blue chips, rose 9.69 points to reach a record high of 2,407 and the Shariah Index (DSES) gained 8.35 points to stand at 1,452 points till then.

Turnover, another important indicator of the market, stood at Tk 3.34 billion within the first 30 minutes of trading at 10:30 am.

Market analysts said investors are showing appetite on the selective large-cap issues amid optimism owing to the reopening of the economy and revival of some specific sectors’ activity.

The investors continued their buying binge as they hope the index will rise further after the central bank unveiled another expansionary monetary policy for this fiscal year, they said.

Of the issues traded till then, 241 advanced, 77 declined and 39 remained unchanged on the DSE trading floor till then.

Beximco was the most traded stock till then with shares worth Tk 288 million changing hands, closely followed by Alif Manufacturing, Appollo ispat, and Islamic Finance.

The port city bourse – the Chittagong Stock Exchange – (CSE) saw an upward trend till then with CSE All Share Price Index- CASPI-rising 92 points to stand at 19,370, also at 10:30 am.

Of the issues traded till then 92 advanced, 36 declined and 12 remained unchanged with Tk 77 million in turnover.

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