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Stocks rise in early trading ahead of national budget

FE Online Report | Published: June 11, 2019 11:42:18 | Updated: June 13, 2019 10:24:12


Stocks witnessed upward trend in early hour of trading on Tuesday as investors continued to show their buying spree on sector-wise shares ahead of national budget.

Following the previous day’s upward trend, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw upward trend amid rising trading activities.

Within first 30 minutes of trading, the key index of the country’s prime bourse advanced more than 27 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 74 points at 11:00am.

After first hours of trading, the key index of the country’s prime bourse advanced more than 35 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 86 points at 11:30am.

DSEX, the prime index of the DSE, went up by 35.34 points or 0.64 per cent to stand at 5,466 points at 11:30am.

The two other indices also saw positive trend till then. The DS30 index, comprising blue chips advanced 10.76 points to 1912 points.

The DSE Shariah Index (DSES) gained 9.14 points to stand at 1,241 points till then.

Turnover, the important indicator of the market, stood at Tk 1.66 billion when the report was filed at 11:30am.

Of the issues traded till then, 226 advanced, 47 declined and 56 remained unchanged.

United Power was the most traded stocks till then with shares worth Tk 138 million changing hands, followed by JMI Syringes, Eastern Housing, Global Insurance and Khulna Power.

The port city’s bourse – the Chittagong Stock Exchange – (CSE), also saw upward trend till then with CSE All Share Price Index- CASPI-advancing 86 points to stand at 16,701 points, also at 11:30am.

The Selective Category Index – CSCX –also rose 56 points to stand at 10,119 points till then.

Of the issues traded till then, 93 gained, 22 declined and 19 issues remained unchanged with Tk 50 million in turnover.

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