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Stocks witness upward trend in early trading

FE Online Report | Published: May 12, 2019 11:21:34 | Updated: May 20, 2019 11:11:06


Investors react while monitoring stock price movements on computer screens at a brockerage house in the capital city — FE/Files

The prices of most of the shares on both bourses saw an upward trend in early trading on Sunday as investors were showing appetite on sector-wise shares following government measures.

Following the previous week’s marginal fall, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on positive note today, despite sluggish trading activities.

Within first 30 minutes of trading, DSEX, the key index of the country’s prime bourse advanced 25 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 45 points at 10:30am.

After first hour of trading, the DSEX gained more than 29 points while the CASPI of Chattogram bourse advanced 67 points at 11:00am when the report was filed.

The DSEX went up by 29.10 points or 0.55 per cent to reach at 5,304 points at that time.

The DS30 index, comprising blue chips, also advanced 6.92 points to reach at 1,858 points till then while the DSE Shariah Index gained 5.82 points to stand at 1,226 points.

Turnover, the important indicator of the market, stood at Tk 990 million on the DSE when the report was filed.

Of the issues traded till then, 205 advanced, 53 declined, and 42 remained unchanged on the DSE trading floor.

Oimex Electrode was the most traded stocks till filing of the report with shares worth Tk 95 million changing hands, closely followed by Fortune Shoes, Power Grid Company, Esquire Knit Composite, and Indo-Bangla Pharma.

The Chittagong Stock Exchange (CSE) also saw an upward trend till then with the CASPI advancing 67 points to stand at 16,254 points, also at 11:00am.

The Selective Category Index (CSCX) also gained 42 points to stand at 9,843 till then.

Of the issues traded till then, 73 gained, 30 declined, and 08 issues remained unchanged with Tk 43 million in turnover.

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