Stocks on both the bourses witnessed marginal gains in the early trading on Thursday as bargain hunters continued their buying binge on sectors sector-wise issues amid gradual improvement of economic activities.
Following the past five day’s modest correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) today opened higher amid low turnover.
Within first 15 minutes of trading, DSEX, the key index of the DSE, advanced 16 points while the CSE All Share Price Index (CASPI) of the port city’s bourse gained 18 points at 10:15am.
After 30 minutes of trading, the DSEX advanced more than 10 points while the CASPI of the Chattogram bourse rose 14 points at 10:30am when the report was filed.
The DSEX went up by 10.80 points or 0.21 per cent to reach at 4,982 points at 10:30am.
The DS30 index, comprising blue chips, gained 2.50 points to reach at 1,729 and the Shariah Index (DSES) advanced 4.14 points to reach 1,150 points till then.
Turnover, one of the important indicators of the market, stood at Tk 1.63 billion when the report was filed at 10:30am which was Tk 2.04 billion in the previous day at 10:30am.
Market operators said a section of investors remained active in the market riding on regulator’s disciplinary and market development measures and gradual improvement of economic activities, said a leading broker.
Of the issues traded till then, 172 advanced, 101 declined, and 65 remained unchanged.
Beximco Pharma was the most traded stock till filing of this report with shares worth Tk 92 million changing hands, closely followed by BRAC Bank, Beximco, Fud-Wang Food and Provati Insurance.
The Chittagong Stock Exchange also saw a positive trend till then with the CASPI gaining 14 points to stand at 14,208, also at 10:30am.
Of the issues traded till then, 72 gained, 35 declined, and 23 issues remained unchanged with Tk 48 million in turnover.